June 18, 2019 / 9:43 AM / 5 months ago

Siemens sells aerospace startup to Rolls-Royce

FRANKFURT, June 18 (Reuters) - Siemens struck a deal to sell its in-house startup Siemens eAircraft to Rolls-Royce for an undisclosed sum, it said on Tuesday.

Siemens eAircraft, which develops electric and hybrid-electric propulsion systems for the aerospace industry, has about 180 employees. (Reporting by Christoph Steitz Editing by Tassilo Hummel)

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