Wärtsilä continues to expand its boiler services with acquisition of I.C.E.’s Dubai business

Wärtsilä Corporation, Trade press release 3 June 2008 at 10:00 UTC+2

Wärtsilä continues to expand its boiler services with the acquisition of the boiler services business of International Combustion Engineering’s (I.C.E.) former subsidiary in Dubai. The acquired boiler service business, which currently employs seven people, will be integrated into Wärtsilä in Dubai.

This transaction follows Wärtsilä’s acquisition of the Denmark-based International Combustion Engineering A/S (I.C.E.) announced in April of this year and completes the acquisition.

Wärtsilä’s entry into the new field of boiler services improves the company’s position and competitiveness as a leading total services provider. This latest acquisition in Dubai will further expand Wärtsilä’s geographical coverage in providing boiler service support to customers throughout the Middle East.

“I.C.E.’s expertise and knowledge in boiler services have added an important extra dimension to Wärtsilä’s ability to provide total support. With the completion of the Dubai acquisition, we can provide even more added value to our customers in this important region,” says Mr Tage Blomberg, Group Vice President, Wärtsilä Services.

For further information, please contact:

Mr Tage Blomberg, Group Vice President, Wärtsilä Services, tel. +358-40-5057568
Mr Ad Bertens, Managing Director, Wärtsilä Arab Emirates, tel. +97-150 5529436
Mr Uffe Nyborg Johansen, President, Services, Wärtsilä Denmark, tel. +45-99569956

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 17,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland.  www.wartsila.com