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  5. Wartsila Acquires Marine Propeller

M&A Deal Summary

Wartsila Acquires Marine Propeller

On January 11, 2007, Wartsila acquired marine company Marine Propeller

Acquisition Highlights
  • This is Wartsila’s 9th transaction in the Marine sector.
  • This is Wartsila’s 1st transaction in South Africa.

M&A Deal Summary
Date 2007-01-11
Target Marine Propeller
Sector Marine
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target

Marine Propeller

Cape Town, South Africa
Marine Propeller (Pty) Ltd. is a privately-owned and focuses mainly on repairing propellers. A minor part of the business is casting small propellers.

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Buyer(S) 1

Buyer

Wartsila

Helsinki, Finland
Category Company
Founded 1834
Sector Marine
Employees18,338
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 originally established in 1834 and is based in Helsinki, Finland.

DEAL STATS #
Overall 12 of 34
Sector (Marine) 9 of 20
Type (Add-on Acquisition) 10 of 30
Country (South Africa) 1 of 1
Year (2007) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-07 Schiffko

Hamburg, Quebec, Germany

Schiffko GmbH specializes in the planning and design of ships especially in the container, research and offshore vessel segments. It also provides consultancy including project management and also all kinds of supervisory work for shipowners and shipyards utilizing SCHIFFKO’s extended global maritime network of partners and experts. The company has a strong reputation and market position in these segments. SCHIFFKO is located in Hamburg, Germany, but operates globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-02 Senitec AB

Varberg, Sweden

Senitec AB is a privately-owned and specializes in environmental technology products for separating waste such as oily water and sludge in power plants, harbours and ships.

Buy -
Mergr

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