Wärtsilä's acquisition of the Railko Marine Business completed

Wärtsilä Corporation, Press release 6 July 2007 at 12:00 UTC+2

Wärtsilä Corporation announced an agreement to acquire the marine business of Railko Ltd. on 18 May 2007. The transaction has now been completed.

Railko Ltd. is based in UK and specializes in synthetic stern tube and rudder bearing technology. The net sales of the company’s marine business is about EUR 6 million and the number of employees is 25.

Railko Marine designs, develops, manufactures and sells synthetic bearings. Railko Marine is application-focused and provides complete products to its customers. The products are used on all types of Commercial vessels, from cruise ships to cargo vessels.

For additional information please contact Mr Fred van Beers, Vice President Seals & Bearings, Ship Power, tel: +31 416 388 256.