Wärtsilä expands its boiler services offering by acquiring assets and business of MMI Boiler Management
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 5 March 2012, at 5 am EET
Wärtsilä has signed a contract to acquire the assets and business of MMI Boiler
Management Pte Ltd., the 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
Southeast Asia and the Pacific region.
The acquisition further strengthens Wärtsilä's boiler services offering and
enhances its leading position in the global marine services market. Furthermore,
it supports Wärtsilä Services' strategy of constantly developing the offering
with value-enhancing services within existing customer segments.
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 EUR 5.3 million in 2011, and the company currently has 138
employees.
"MMI Boiler Management's outstanding know-how in boiler services and its
excellent customer relations across its market area strongly complements
Wärtsilä's offering for boiler services. This acquisition will further enhance
our competitiveness and our position as the leading provider of services to the
global marine market," says Christoph Vitzthum, Group Vice President, Wärtsilä
Services.
MMI Boiler Management will be integrated into Wärtsilä Corporation. All
employees will continue as Wärtsilä employees after the acquisition, including
the current four owners. The value of the transaction is not published. The
acquisition is expected to be closed in the first quarter 2012.
Wärtsilä Services - the industry's most extensive service network
Services is one of the three Wärtsilä's businesses alongside Ship Power and
Power Plants. Wärtsilä Services offers services to both the global marine and
energy markets and operates the most extensive service network in the industry.
The company's broad portfolio of services includes environmental services and
solutions, servicing of engines, propulsion systems, electrical and automation
systems and boilers as well as field services and spare parts. It also covers
upgrades and conversions, long-term agreements for engine and propulsion
systems, as well as training services. Wärtsilä's services business is also in
the forefront of developing new service concepts to meet customer needs for
optimal operational efficiency. Wärtsilä Services operates some 70 fully owned
workshops and employs over 11,000 service professionals.
For further information, please contact:
Mr Ban Leong Ong
Managing Director
Wärtsilä Singapore
Tel: +65-68749200
banleong.ong(at)wartsila.com
Ms Tuula Franck
Senior Manager, Media and Stakeholder Relations
Wärtsilä Corporation
Tel. +358 400 267 555
tuula.franck(at)wartsila.com
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 2011, Wärtsilä's net sales totalled EUR 4.2 billion with approximately
18,000 employees. The company has operations in nearly 170 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki,
Finland.
www.wartsila.com
Read more about MMI Boiler Management: www.boilermmi.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
[HUG#1590973]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2012 - 04:01 Uhr
Sprache: Deutsch
News-ID 121333
Anzahl Zeichen: 4609
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Wärtsilä expands its boiler services offering by acquiring assets and business of MMI Boiler Management"
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