Railko Ltd News

Wärtsilä Corporation announced an agreement to acquire the marine business of Railko Ltd. on May 18. The transaction has now been completed. Railko Ltd. is based in UK and specializes in synthetic stern tube and rudder bearing technology. The net sales of the company's marine business is about $8.1m and the number of employees is 25. Railko Marine designs, develops, manufactures and sells synthetic bearings. Railko Marine is application-focused and provides complete products to its customers. The products are used on all types of Commercial vessels, from cruise ships to cargo vessels.

Wärtsilä has signed an agreement to acquire the marine business of Railko Ltd. in the UK, a company specializing in synthetic stern tube bearing technology. The company was founded 1957 and is today owned by Tenmat Ltd. The marine sector of Railko and Wärtsilä have maintained a relationship for the past 30 years, and have together developed specific materials for face seals. Railko designs, develops, manufactures and sells synthetic bearings. The company is application-focused and provides complete products to its customers. Railko's products are used on all types of vessels, from cruise ships to cargo vessels.