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Wärtsilä Oyj Abp (HEL:WRT) Wärtsilä Corporation, Company announcement, 27 August 2008 at 9 am EET
Wärtsilä has received all relevant regulatory approvals in Norway for the acquisition of the ship design group Vik-Sandvik. The acquisition has now been closed for Vik-Sandvik's Norwegian companies Vik-Sandvik AS, Vik-Sandvik Marine Services AS and Skipkonsulent AS, which form the substance of the acquisition.
Wärtsilä announced in the beginning of July that it had acquired Vik-Sandvik, which is a leading, independent group providing design and engineering services to ship owners and the ship building industry worldwide.
This acquisition is a major step in Wärtsilä's strategy to strengthen its position as a total solutions provider and to be the most valued partner for its customers. Wärtsilä's goal is to become the leading provider of ship design services in various segments.
Vik-Sandvik will be integrated into Wärtsilä Ship Design within Ship Power.
For further information, please contact:
Mr Arne Birkeland President, Wärtsilä Norway AS Vice President, Ship Power, Ship Design Tel: +47 534 22971 arne.birkeland@wartsila.com
Wärtsilä in brief Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 17,000 professionals manning 160 Wärtsilä locations in 70 countries around the world. Wärtsilä is listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com
