Wärtsilä Aquires Caltax

Monday, February 03, 2003
Wärtsilä has acquired Dutch marine service company Caltax Marine Diesel BV, a subsidiary of the Traas van Houte Beheer BV. The acquisition also consists of a workshop. The company has annual net sales of $12.8 million and 90 employees. It specializes in the service and reconditioning of two-stroke marine engine components. The acquisition of Caltax increases Wärtsilä's growth potential in Northern Europe in this sector. The acquisition forms part of Wärtsilä's strategy to offer total service to its marine customers. Caltax will become part of the Ciserv group and will be named Ciserv Netherlands BV.
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