Court sanctions the Scheme of Arrangement related to Hamworthy acquisition

Wärtsilä Corporation, Stock exchange release 26 January 2012 at 20:15 UTC+2

Wärtsilä is pleased to announce that the Scheme of Arrangement with regards to the acquisition of Hamworthy was sanctioned at a Court hearing held today in London, United Kingdom.

Subject to the Court hearing confirming the associated Reduction of Capital on 30 January 2012, the Scheme is expected to become effective and the control transferred to Wärtsilä on 31 January 2012.

More information about the recommended acquisition of Hamworthy.

For further information, please contact: 

Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 10 709 5599

For investor information, please contact:

Pauliina Tennilä
Director, Investor Relations
Wärtsilä Corporation
Tel: +358 40 570 5530

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä’s net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.