Marine Link
Saturday, December 10, 2016

Wärtsilä Acquires CGL

October 1, 2002

Wärtsilä has solidified a deal on September 30 to acquire the engine component reconditioning company, CGL Industries Ltd. in Canada. The acquisition consists of the marine engine repair and reconditioning business and workshops. The sales volume of the acquired company is approximately EUR 4.0 million and number of employees is 57. "CGL's strong position in the marine equipment service field as well as the broad range of products and services available are strategically important for Wärtsilä. This acquisition further strengthens our total service offerings in North America", says Tage Blomberg, Group Vice President and Head of the Service division. The acquired company will operate under the name Ciserv CGL Industries and it will concentrate on reconditioning service and engine repair. Dennis Drummond will continue as Managing Director of the company.


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News