Wärtsilä acquires Dutch marine service company

Wartsila Corporation
  • Stock exchange release
3 February 2003 at 2:01 AM E. Europe Standard Time

Wärtsilä Corporation STOCK EXCHANGE RELEASE 3.2.2003 at 16.30

Wärtsilä has acquired Dutch marine service company Caltax Marine Diesel BV, a subsidiary of the Traas van Houte Beheer BV. The acquisition also consists of a workshop. The company has annual net sales of EUR 12 million and 90 employees. It specializes in the service and reconditioning of two-stroke marine engine components.

The acquisition of Caltax strengthens Wärtsilä’s expertise and technical capabilities in two-stroke engines, and it also increases Wärtsilä’s growth potential in Northern Europe in this sector. The acquisition forms part of Wärtsilä’s strategy to offer total service to its marine customers. Caltax will become part of the Ciserv group and will be named Ciserv Netherlands BV.


 

Tage Blomberg
Group Vice President, Service Division
Wärtsilä Corporation
Direct tel: +358 10 709 2425
Direct fax:
e-mail:tage.blomberg@wartsila.com
Internet: www.wartsila.com