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 January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Boost for Offshore Wind Energy

As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

Gypsy Moth Clause Takes Balanced Approach to Risk

A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM).

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
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: 0.1727 sec (6 req/sec)