ROLLS-ROYCE ACQUIRES REMAINING SHARE OF EUROPEA MICROFUSIONI AEROSPAZIALI FROM FINMECCANICA
Written by thomas · Filed Under Aeronautics NewsJanuary 29, 2010
Rolls-Royce, the global power systems company, has strengthened its position in Italy by acquiring the remaining 49% share in Europea Microfusioni Aerospaziali SpA (EMA) from Finmeccanica, taking its holding in the Italian company to 100%.
EMA, originally established in 1990, manufactures precision advanced micro-castings for aero engines, including those that power the Airbus A380 and will power the new
Boeing 787.
Giuseppe Ciongoli, Rolls-Royce Regional Director – Italy, said: “Over recent years, EMA has developed into an important technology company and this transaction underscores Rolls-Royce’s commitment to high value added manufacturing and to advanced manufacturing in Italy.”
Through EMA, Rolls-Royce has brought skilled industrial job opportunities to an area of Southern Italy that previously offered limited specialised opportunities. The growth of EMA over the past decade has contributed to revitalising the local economy.
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