Wärtsilä Corporation, Press release, 11 January 2007
Wärtsilä has signed an agreement to acquire the entire business of the South African company Marine Propeller (Pty) Ltd in Cape Town, South Africa. Marine Propeller (Pty) Ltd is privately-owned and focuses mainly on repairing propellers. A minor part of the business is casting small propellers.
This acquisition will expand Wärtsilä’s offering in South Africa to include propeller repair. The knowledge, good reputation and customers that Marine Propeller will bring provides a good basis for this. Along with an increase in the marine and power plants businesses, Wärtsilä is looking for further expansion and a broadened services offering in southern Africa.
The acquired business will be moved to Wärtsilä’s new premises in Cape Town by mid 2007 and its personnel of 8 persons will become Wärtsilä employees.
For further information, please contact Mr Teppo Suominen, General Manager Wärtsilä South Africa, tel. +27 21 511 1230 or Mrs Eeva Kainulainen, Vice President, Corporate Communications and IR, tel. +358 10 709 5235.
Wärtsilä in brief
Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 13,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.