Wärtsilä's acquisition of Hamworthy effective
(Thomson Reuters ONE) -
Wärtsilä Corporation, Company announcement, 31 January 2012, at 12.45 pm (EET)
Wärtsilä is pleased to announce that the Scheme of Arrangement with regards to
the acquisition of Hamworthy has become effective and the control of Hamworthy
has been transferred to Wärtsilä as of today, 31 January 2012. The associated
Reduction of Capital was confirmed at a Court hearing on 30 January 2012 in
London, United Kingdom and the trading of Hamworthy shares has ceased today.
In November 2011, Wärtsilä announced that it had reached agreement with the
Board of Hamworthy in regards to a recommended cash offer for the acquisition of
Hamworthy, a global provider of specialist equipment and services to the marine,
oil & gas and industrial sectors.
The acquisition of Hamworthy will enhance Wärtsilä's capabilities in the
offshore, marine gas applications, and environmental solutions markets and it
will provide important synergies. Hamworthy will be integrated as a business
unit within Wärtsilä's Ship Power business.
More information about the recommended acquisition of Hamworthy.
For further information, please contact:
Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: +358 10 709 5599
atte.palomaki(at)wartsila.com
For investor information, please contact:
Pauliina Tennilä
Director, Investor Relations
Wärtsilä Corporation
Tel: +358 40 570 5530
pauliina.tennila(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
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
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