GERMANY - EQT Partners sells remaining stake in Togum
EQT Partners has sold its remaining 22.3 percent stake Tognum AG to strategic investor Daimler AG.
Friedrichshafen-based Tognum AG is a supplier of high-speed, powerful diesel engines and complete propulsion systems for ships, heavy agricultural and rail vehicles, industrial drive systems and onsite power generators (off-highway applications). Its products include diesel engines, electronics systems, gas engines and turbines, fuel injection systems and drive shafts, as well as onsite power generators based on diesel and gas engines or fuel cells. Tognum sales amounted to more than EUR 2.8bn in 2007. At the end of 2007, the group employed approximately 8,200 people worldwide.
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