M&A Deal Summary

Wartsila Acquires Electrical Power Engineering

On August 1, 2007, Wartsila acquired marine company Electrical Power Engineering

Acquisition Highlights
  • This is Wartsila’s 12th transaction in the Marine sector.
  • This is Wartsila’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2007-08-01
Target Electrical Power Engineering
Sector Marine
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target

Electrical Power Engineering

Dundee, United Kingdom
Electrical Power Engineering Ltd. specializes in electrical power engineering solutions for marine, offshore, industrial and utilities segments.Company design and build their own control panels, automation solutions and switchgear. The company also operates in the USA offering service, maintenance and project support in the Gulf of Mexico area.

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Buyer(S) 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 STATS #
Overall 16 of 34
Sector: Marine M&A 12 of 20
Type: Add-on Acquisition M&A Deals 13 of 30
Country: United Kingdom M&A 3 of 6
Year: 2007 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-18 Railko - Marine Business

Manchester, United Kingdom

Railko - Marine Business engages in the manufacturing of synthetic polymer stern tube bearings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-03 Maritime Service AS

Oslo, Norway

Maritime Service AS specializes in ship service, mechanical and reconditioning services. Maritime Service has its operations in Ålesund, in More region on the west coast of Norway. Maritime Service is well-positioned within fishery segment and has promising business potential in the ferry and off-shore vessel businesses.

Buy -