Wärtsilä has signed a contract to acquire the assets and business of MMI Boiler Management, a Singapore-based company specialising in the service and maintenance of boilers for marine and industrial applications.
MMI Boiler Management has its main operations in Singapore and coverage throughout South-East Asia and the Pacific region. The acquisition further strengthens Wärtsilä's boiler services offering and enhances its position in the global marine services market.
MMI Boiler Management has a strong market position in Southeast Asia and the Pacific region, particularly within the offshore segment. The company's activities include the service, maintenance, repair and installation of boilers, for both marine and land-based customers. MMI Boiler Management's net sales were approximately €5.3 million (US$7.0 million) in 2011, and the company currently has 138 employees.
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