M&A Deal Summary

Wärtsilä Acquires Conan Wu & Associates Pte

On September 22, 2008, Wärtsilä acquired marine company Conan Wu & Associates Pte for 23M EUR

Acquisition Highlights
  • This is Wärtsilä’s 16th transaction in the Marine sector.
  • This is Wärtsilä’s 6th largest (disclosed) transaction.
  • This is Wärtsilä’s 2nd transaction in Singapore.

M&A Deal Summary
Date 2008-09-22
Target Conan Wu & Associates Pte
Sector Marine
Buyer(s) Wärtsilä
Deal Type Add-on Acquisition
Deal Value 23M EUR

Target

Conan Wu & Associates Pte

Singapore, Singapore
Conan Wu & Associates Pte Ltd. is a provider of naval architecture and ship design services to ship builders and ship owners. The company’s core competence is in the design of offshore vessels and tugs, as well as barges and smaller merchant vessels. CWA has a strong market position in South and South East Asia.

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Buyer(S) 1

Buyer

Wärtsilä

Helsinki, Finland
Category Company
Founded 1834
Sector Marine
Employees18,224
Revenue 6.0B EUR (2023)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wärtsilä is a provider of smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency, and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. Wärtsilä was originally established in 1834 and is based in Helsinki, Finland.

DEAL STATS #
Overall 21 of 34
Sector (Marine) 16 of 20
Type (Add-on Acquisition) 18 of 30
Country (Singapore) 2 of 3
Year (2008) 5 of 5
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-04 Navelec SAS

Le Havre, France

Navelec SAS is a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec enjoys a valuable reputation among its key customers and has a broad knowledge of various vessel types, including fly boats, ferries, carriers, tugs and cruise ships. Navelec also has promising growth opportunities within the yacht segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-13 Cedervall & Söner AB

Gothenburg, Sweden

Cedervall & Söner AB is one of the major manufacturers of shaft seal and bearing systems for the marine industry. Cedervall is headquartered in Gothenburg, Sweden, and the company has subsidiaries in Spain, China and Singapore, with manufacturing facilities in Sweden, China and Spain.

Buy -
Mergr

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