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  5. Wartsila Acquires Schiffko

M&A Deal Summary

Wartsila Acquires Schiffko

On December 7, 2006, Wartsila acquired marine company Schiffko

Acquisition Highlights
  • This is Wartsila’s 8th transaction in the Marine sector.
  • This is Wartsila’s 4th transaction in Germany.
  • This is Wartsila’s 1st transaction in Quebec.

M&A Deal Summary
Date 2006-12-07
Target Schiffko
Sector Marine
Buyer(s) Wartsila
Deal Type Add-on Acquisition

Target

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.

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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 11 of 34
Sector: Marine M&A 8 of 20
Type: Add-on Acquisition M&A Deals 9 of 30
State: Quebec M&A 1 of 1
Country: Germany M&A 4 of 6
Year: 2006 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Stockholms Fartygsreparationer AB

Stockholm, Sweden

Stockholms Fartygsreparationer handles all types of ship repair on the eastern coast of Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 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.

Buy -
Mergr

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