|Wärtsilä completes Hamworthy takeover|
|Thursday, 02 February 2012 16:28|
Wärtsilä has completed its acquisition of British engineering company Hamworthy.
The recommended cash offer was announced for Hamworthy in November last year. Wärtsilä already has a broad offering covering the complete lifecycle of a vessel, from initial ship design to daily operating requirements, backed by an extensive global service network. According to Wärtsilä, Hamworthy’s portfolio of high-technology products and systems represents a valuable complementary addition to this range.
Hamworthy provides a wide assortment of specialist equipment and systems to the shipping industry, and systems that improve process efficiency and environmental compliance in the oil and gas industry. It employs approximately 1,000 people worldwide, and has offices in Europe, the USA, Asia, the Middle East and India. Wärtsilä currently employs some 18,000 people working from 170 locations in 70 different countries.
For further information contact:Wärtsilä, Finland Web: www.wartsila.com
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