Wärtsilä Closes Acquisition of SES
The technology group Wärtsilä strengthens its service offering by acquiring Ships Electronic Services Ltd (“SES”), a UK based company specializing in navigation and communication electronics, installation, maintenance and repair services, mainly for commercial and leisure vessels.
The acquisition was signed and closed on 2 May 2019.
SES, established in 1974, has its headquarters in Rochester and operates also out of nine other offices in the UK. The company, together with its wholly-owned subsidiary Greenham Regis Ltd, holds a strong local presence across the local marine service market. SES’ turnover is approximately GBP 10m and the company employs 47 staff. The enterprise value of the transaction is GBP 3.2m.