Add-on Acquisition • Marine

Wartsila Acquires Elco Systems B.V.

On June 3, 2004, Wartsila acquired marine company Elco Systems B.V.

Acquisition Context
  • This is Wartsila’s 3rd transaction in the Marine sector.
  • This is Wartsila’s 2nd transaction in the Netherlands.

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M&A Deal Summary

Date June 3, 2004
Target Elco Systems B.V.
Sector Marine
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target Company

Elco Systems B.V.

Hardinxveld-Giessendam, Netherlands
Elco Systems B.V. specialize in electro technical service and repair works on board vessels worldwide and offshore installations, and in developing, producing, and selling electro technical equipment and measurement- and control equipment.
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Buyer Overview 1

Buyer

Wartsila

Helsinki, Finland

Category Company
Founded 1834
Sector Marine
Employees18,753
Revenue 6.4B EUR (2024)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wartsila 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, Wartsila maximises the environmental and economic performance of the vessels and power plants of its customers. Wartsila was established in 1834 and is based in Helsinki, Finland.


Deal Context for Buyer #
Overall 3 of 34
Sector: Marine 3 of 20
Type: Add-on Acquisition 3 of 30
Country: Netherlands 2 of 4
Year: 2004 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-03 Decam B.V.

Netherlands

Decam B.V. specialize in electro technical service and repair works on board vessels worldwide and offshore installations.

Buy -
FOLLOWING 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