Wärtsilä in Talks to Acquire John Crane-Lips

Wednesday, November 21, 2001
In a move aimed at extending its claim as a single source ship's propulsion supplier, Wärtsilä Corporation and Smiths Group are in exclusive discussions regarding a possible sale by Smiths Group of John Crane-Lips to Wärtsilä. Wärtsilä and John Crane-Lips entered into a strategic alliance in October 2000 to provide total marine propulsion power systems through the Wärtsilä network. The acquisition of John Crane Lips is seen as a valued enhancement to Wärtsilä's position as a leading global ship power supplier. The acquisition would generate additional sales of more than EUR 200 million for the Marine & Licensing division of Wärtsilä. John Crane-Lips is a supplier of integrated marine propulsion systems and marine seals and bearings. It employs about 1,300 people in Holland, the UK, Norway, Japan and the USA. Wärtsilä is a leading global ship power supplier and a major provider of decentralized power generation systems and of supporting services. Smiths Group is a global business with market leading positions in aerospace systems, sealing solutions, medical devices and interconnect products.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham

Costa Tow Update: Climate Onboard 'Calm'

According to the latest update, after approximately 30 hours of navigation, the Concordia has travelled 63 nautical miles at an average speed of 2 knots, informs

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

Marine Propulsion

Volvo Penta Diesel Sterndrives for Metal Shark Patrol Boats

Metal Shark now offers Volvo Penta diesel sterndrives in its 29 Defiant patrol boats for customers requiring optimum performance, durability and maneuverability.

Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen

MTU Powers Fleet of Inland Waterway Towboats

Industry-leading Ironmen diesel engines power four new builds and two repowers in Southern Towing’s inland waterway fleet MTU, the specialist for propulsion

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction 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: 0.1165 sec (9 req/sec)