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Langley signs Agreement to buy Bergen Engines business from Rolls-Royce
Langley Holdings plc, the privately owned UK engineering group, has signed an agreement to acquire Bergen Engines AS, from Rolls-Royce Power Systems AG, a subsidiary of Rolls Royce plc, for an enterprise value of €63 million. In addition, Rolls-Royce will retain approximately €40 million of cash currently held within the Bergen Engines business and Langley will capitalise the business going forward. The deal is being funded from existing cash resources within Langley.
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