Rolls-Royce acquires remaining share of Europea Microfusioni Aerospaziali from Finmeccanica
29 January 2010
Rolls-Royce has strengthened its position in Italy by acquiring the remaining 49 per cent share in Europea Microfusioni Aerospaziali SpA (EMA) from Finmeccanica, taking its holding in the Italian company to 100 per cent.
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.
The primary clients of EMA are Rolls-Royce and Ansaldo Energia. For the past three years EMA has been making blades for large Ansaldo turbines, while the company has been manufacturing turbine blades for Rolls-Royce since it opened. Aircraft powered by Rolls-Royce engines with EMA blades include the Boeing 787 and Airbus A380 in addition to the Boeing 757, 767 and 747, Gulfstream executive jets, Eurofighter and various other military planes and helicopters.