Wärtsilä Service Acquisition in the Closed
Friday, December 02, 2005
Wärtsilä and Gerhardt Holding Co., Inc. have closed the transaction transferring the service business of Gerhardt to Wärtsilä. The business focuses on servicing control and automation equipment for gas and diesel engines. The operations to be acquired have annual net sales totalling approximately EUR 24.5 million and 128 employees. The purchase price is EUR 8.6 million. The company is strongly positioned regionally in the Gulf of Mexico and on the east and west coasts of the USA.