Wärtsilä Acquires JMC Marine

Monday, September 16, 2002
Wärtsilä has signed a letter of intent to acquire a Danish propulsion system service company JMC Marine A/S. The company, which employs 28 people, specializes on propulsion system maintenance based on laser measuring technology and has a $3.5 Million turnover. "This acquisition will further strengthen Wärtsilä's total service offerings. Our aim is to provide as broad a spectrum as possible of tailored solutions and expertise know-how covering every aspect of operation and maintenance. The know-how developed by JMC Marine speeds up and improves customer service", says Tage Blomberg, Group vice president and Head of the Service division. The acquired business will be named Ciserv Denmark and it will concentrate on service for propulsion systems and engine repair. The closing of the deal will take place in the latter part of the current year 2002. The acquisition will consist of the laser measuring and alignment business. It also includes vibration measuring, analysis and services of monitoring systems and engine repair. The method developed by JMC Marine both simplifies and speeds up the processes of measuring and correcting adjustment failures, as it does not require docking of the ship or dismounting the shaft.

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