New Ciserv Company to Serve Baltic

Monday, March 14, 2005
Wärtsilä Corporation and the BLRT Grupp of Estonia have agreed to set up a joint venture to service ships in the Baltic area. The new company will be named Oü Ciserv BLRT Baltica and will be a "one-stop" shop for servicing ships covering all aspects of ship repairs, as well as servicing multiple engine brands, boilers, hydraulics, gearboxes, winches, pipework valves, armatures, propellers, shafting, and other ship equipment. The joint venture will be owned 51% by Wärtsilä and 49% by the BLRT Grupp. Ciserv BLRT Baltica will operate in Tallinn, Estonia. The new company will start with some 65 employees in Tallinn but with the facility to draw on the extensive resources of both Ciserv and the BLRT Grupp according to the needs of individual service jobs. The joint venture will bring great benefits to the customers of both Ciserv and the BLRT Grupp, as well as to the companies themselves. Ciserv BLRT Baltica will extend the delivery of Ciserv products and services to the major markets of the Baltic and Eastern Europe. It will provide Ciserv customers with full shipyard repair facilities in the Baltic region. Ciserv group The Ciserv group is a fast growing global network of service companies. Ciserv delivers a wide range of fast, cost effective, local support for 2-stroke and 4-stroke diesel engines and a variety of ship equipment including propulsion systems, auxiliary equipment, boilers, control and automation equipment and general steelwork.

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