Wärtsilä Buys Engine Reconditioning Business

Friday, February 15, 2002
Wärtsilä announced it has furthered its capabilities with the acquisition of the engine reconditioning business from Metalock (Singapore) Ltd. for about $5.4 million. The acquisition will consist of the marine engine repair and recondition business and the workshop, a business that generates a cumulative sales volume of about $8.8 million. "This acquisition will further strengthen Wärtsilä as a total service provider. We have an opportunity to increase our market share especially in the low speed engines", says Tage Blomberg, Group Vice President and Head of the Service division. The focus of the acquired business is on marine engine reconditioning, with the special know how in low speed engines. The workshop is located in Singapore. "We will now have a possibility to provide also recondition service for our customers in South East Asia region, the service which we earlier didn´t have in-house", says Jukka Murtoaro, Managing Director of Wärtsilä Singapore. The acquired business will be named Ciserv and it will concentrate on recondition business. Wärtsilä Singapore provides other services for the marine and power plant customers. The closing of the deal will take place in the first part of the current year 2002. The transaction is subject to the approval of the shareholders of Metalock and various regulatory authorities.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

GE Gas Turbines to Power US Navy’s New Destroyers

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received

First Vessel of New Rescue Class Launched

Global shipping and energy services firm, Craig Group, has launched its first F-Class vessel, the Grampian Fortress. The IMT 958 multi-role emergency response and

Tanker Retrofitted with Dual Fuel Engine

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.1241 sec (8 req/sec)