Wärtsilä's acquisition of German ship design company Schiffko closed

Wärtsilä Corporation, Press release, 27 December 2006 at 16:00 UTC+2

Wärtsilä Corporation announced an agreement to acquire the German ship design company group SCHIFFKO on 7 December 2006. The transaction has now been completed.

SCHIFFKO specializes in the planning and design of ships especially in the container, research and offshore vessel segments. It also provides consultancy including project management and all kinds of supervisory work for shipowners and shipyards. SCHIFFKO is located in Hamburg, Germany, but operates globally. Today the annual net sales totals approximately EUR 4 million and the company has some 25 employees.

For further information please contact Ms Eeva Kainulainen, VP, Corporate Communications, Wärtsilä, tel. +358 10 709 5235.