M&A Deal Summary

Wärtsilä Acquires Gerhardt Holding

On November 16, 2005, Wärtsilä acquired energy services and equipment company Gerhardt Holding for 9M EUR

Acquisition Highlights
  • This is Wärtsilä’s 1st transaction in the Energy Services and Equipment sector.
  • This is Wärtsilä’s 8th largest (disclosed) transaction.
  • This is Wärtsilä’s 1st transaction in the United States.
  • This is Wärtsilä’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2005-11-16
Target Gerhardt Holding
Sector Energy Services and Equipment
Buyer(s) Wärtsilä
Deal Type Add-on Acquisition
Deal Value 9M EUR

Target

Gerhardt Holding

New Orleans, Louisiana, United States
Gerhardt Holding Co. Inc. specializes in the servicing of control and automation equipment for gas and diesel engines and steam turbines. Company offers control and automation equipment service for both marine and land-based installations. The company is strongly positioned regionally in the Gulf of Mexico and on the east and west coasts of the USA.

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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 5 of 34
Sector (Energy Services and Equipment) 1 of 4
Type (Add-on Acquisition) 4 of 30
State (Louisiana) 1 of 1
Country (United States) 1 of 4
Year (2005) 2 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-13 DEUTZ Marine Engine Service Business

Cologne, Germany

DEUTZ Marine Engine Service Business consists of original spare parts sales, repair and maintenance for DEUTZ medium and large marine diesel engines. This portfolio covers medium-speed and high-speed engines with outputs ranging up to 7,250 kW.

Buy €115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-03 Aker Kvaerner Power and Automation Systems

Stord, Norway

Aker Kvaerner Power and Automation Systems is a supplier of power and automation systems for the oil and gas, marine and industrial markets.

Buy €12M
Mergr

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