Wärtsilä Acquires Company

Monday, March 03, 2008
Wärtsilä has acquired the Norwegian company Maritime Service AS, which specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Ålesund, in More region on the west coast of Norway.

Maritime Service is well-positioned within fishery segment and has promising business potential in the ferry and off-shore vessel businesses. The purchase of Maritime Service will strengthen Wärtsilä's position and expand Wärtsilä's service offering in More region in Western Norway.

The annual net sales of Maritime Service were 26 million NOK (EUR 3.2 million) in 2007. The company employs 28 people, of which 25 are service workers. Maritime Service's businesses will be integrated into Wärtsilä Services business in Norway. All employees will continue as Wärtsilä employees. The value of the deal is not published.

"Maritime Service's skilled personnel, knowhow and established customer relations within fishery are a valuable addition to Wärtsilä's offering," says Mr Tage Blomberg, Group Vice President, Wärtsilä Services.

"Through the acquisition, Maritime Service will benefit from Wärtsilä's broad capabilities and service offering, strong market presence and customer relations," Blomberg continues.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1710 sec (6 req/sec)