Wärtsilä service acquisition in the US closed

Wärtsilä Corporation
  • Stock exchange release
1 December 2005 at 9:00 AM FLE Standard Time

Wärtsilä and the US company 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.

The business will be consolidated to Wärtsilä as of 1st of December 2005.

For further information, please call Ms Eeva Kainulainen, VP, Corporate Communications, Wärtsilä, tel. +358 10 709 5235.