#konsberg

Rolls-Royce completes sale of commercial marine business to Konsberg

StockMarketWire.com – Rolls-Royce said it had completed the sale of its commercial marine business to Norway’s Konsberg.

The completion of the transaction, first announced on 6 July, followed recent clearance from the relevant regulatory authorities.

Net proceeds after transaction costs and other adjustments were estimated to be around £350m to £400m.

In 2018, the business reported underlying…

Last week, I got to use a state–of–the–art cutting machine that was donated to Cal Poly's Graphic Communication department. This $179,000 machine can make die–cuts, perforations and score fold areas, with just a few clicks of a mouse (goodbye X–Acto knife). I used it to remake my Kleenex boxes that I designed back in December. When I made the original boxes, my only option was to use a x–acto knife and a bone folder, which makes it challenging to execute precise cuts and scores. When I was introduced to this new machine at the donation event, it was a breath of fresh air. Thank you to my teacher Colleen Twomey for making this happen!