Siemens Energy announced today that it has sold its Napier Turbocharger business, a 100 percent subsidiary of the Oil & Gas Division, to the investment firm Primary Capital, London. Napier operates in Lincoln, Great Britain, and employs 160 workers engaged in design, manufacture and service of turbochargers used with diesel and gas engines in marine, power generation, and rail traction applications. Napier generates an annual turnover of more than GBP30 million. Primary Capital has purchased the business for an undisclosed sum and intends to further develop Napier's product portfolio and increase the turnover of the company.
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