Add-on Acquisition • Marine

Wartsila Acquires Navelec SAS

On September 4, 2008, Wartsila acquired marine company Navelec SAS

Acquisition Context
  • This is Wartsila’s 15th transaction in the Marine sector.
  • This is Wartsila’s 1st transaction in France.

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M&A Deal Summary

Date September 4, 2008
Target Navelec SAS
Sector Marine
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target Company

Navelec SAS

Le Havre, France
Navelec SAS is a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec enjoys a valuable reputation among its key customers and has a broad knowledge of various vessel types, including fly boats, ferries, carriers, tugs and cruise ships. Navelec also has promising growth opportunities within the yacht segment.
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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 20 of 34
Sector: Marine 15 of 20
Type: Add-on Acquisition 17 of 30
Country: France 1 of 1
Year: 2008 4 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-22 Conan Wu & Associates Pte

Singapore, Singapore

Conan Wu & Associates Pte Ltd. is a provider of naval architecture and ship design services to ship builders and ship owners. The company’s core competence is in the design of offshore vessels and tugs, as well as barges and smaller merchant vessels. CWA has a strong market position in South and South East Asia.

Buy €23M

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