Wärtsilä Acquires Ship Design Company

Wärtsilä Corporation has signed an agreement to acquire the German ship design company group Schiffko. Sshiffko is privately-owned and has annual net sales totalling approximately $5.3m and some 25 employees. Schiffko specializes in the planning and design of ships especially in the container, research and offshore vessel segments. It also provides consultancy including project management and also all kinds of supervisory work for shipowners and shipyards utilizing Schiffko extended global maritime network of partners and experts. The company has a strong reputation and market position in these segments. Schiffko is located in Hamburg, Germany, but operates globally. Schiffkohas 50 years experience in planning and design in the marine field. It has been involved in far more than 2500 ship design projects in 60 countries over the world.