M&A Deal Summary

Wärtsilä Acquires Weir American Hydro

On June 23, 2016, Wärtsilä acquired energy services and equipment company Weir American Hydro from The Weir Group

Acquisition Highlights
  • This is Wärtsilä’s 4th transaction in the Energy Services and Equipment sector.
  • This is Wärtsilä’s 2nd transaction in the United States.
  • This is Wärtsilä’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-06-23
Target Weir American Hydro
Sector Energy Services and Equipment
Buyer(s) Wärtsilä
Sellers(s) The Weir Group
Deal Type Divestiture

Target

Weir American Hydro

York, Pennsylvania, United States
Weir American Hydro Corp. is a supplier and installer of large equipment upgrades and servicing for the hydroelectric and water distribution industries, specializing in consultancy, design and precision performance enhancements for hydro-turbines and pumps.

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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 26 of 34
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 L-3 Marine Systems International

Germany

L-3 Marine Systems International (L-3 MSI) is a sector within L-3’s Electronic Systems business segment. L-3 MSI is a turnkey supplier of complete electrical systems, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for all types of ships. L-3 MSI has 1,700 employees in 38 locations and 14 countries.

Buy €285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Eniram Oy

Helsinki, Finland

Eniram Oy is a Finland-based technology company providing the marine industry with energy management and analytics solutions. Eniram provides the maritime industry with energy management technology to reduce fuel consumption and emissions. Eniram’s solutions range from single onboard applications for trim, speed and engine optimisation to comprehensive fleet analysis.

Buy €43M

Seller(S) 1

SELLER

The Weir Group

Glasgow, United Kingdom
Category Company
Founded 1871
Sector Engineering
Employees12,391
Revenue 2.6B GBP (2023)
DESCRIPTION

The Weir Group is a global engineering solution provider, we focus on designing, manufacturing and supplying innovative products and expert engineering services for the minerals, oil & gas, and power & industrial markets. The Weir Group was founded in 1871 and is based in Glasgow, United Kingdom.

DEAL STATS #
Overall 3 of 5
Sector (Energy Services and Equipment) 2 of 3
Type (Divestiture) 3 of 5
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 Delta Industrial Valves

Niles, Michigan, United States

Delta Industrial Valves, Inc. is a manufacturer of severe service knife gate valves for the oil sands, mining and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-11 KOP Surface Products Pte

Singapore, Singapore

KOP Surface Products Pte Ltd. is a provider of wellheads, surface trees, valves, actuators and aftermarket services for the oil and gas industry. KOP Surface Products Pte Ltd. is based in Singapore.

Buy $114M
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