M&A Deal Summary

Wartsila Acquires International Combustion Engineering A/S

On April 24, 2008, Wartsila acquired engineering company International Combustion Engineering A/S

Acquisition Highlights
  • This is Wartsila’s 1st transaction in the Engineering sector.
  • This is Wartsila’s 1st transaction in Denmark.

M&A Deal Summary

Date 2008-04-24
Target International Combustion Engineering A/S
Sector Engineering
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target

International Combustion Engineering A/S

Svenstrup, Denmark
International Combustion Engineering A/S specializes in project engineering and the service and repair of steam boilers and ancillary burner systems. The company has its headquarters in Aalborg, Denmark. I.C.E. has a strong market position, particularly with merchant vessels, while its major customers are shipping companies around the world.

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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 18 of 34
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 30
Country: Denmark M&A 1 of 1
Year: 2008 M&A 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Claus D. Christophel Mess- und Regeltechnik

Hamburg, Germany

Claus D. Christophel Mess- und Regeltechnik GmbH specializes in the design, delivery and service of automation systems for ship owners and yards. The company is based in Hamburg and has three business areas, which are maritime information technology, project engineering and customer service.

Buy -