M&A Deal Summary

Wärtsilä Oyj Abp Acquires L-3 Marine Systems International

On December 16, 2014, Wärtsilä Oyj Abp acquired energy services and equipment company L-3 Marine Systems International from L3 Technologies, Inc. for 285M EUR

Acquisition Highlights
  • This is Wärtsilä Oyj Abp’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Wärtsilä Oyj Abp’s 1st largest (disclosed) transaction.
  • This is Wärtsilä Oyj Abp’s 6th transaction in Germany.

M&A Deal Summary

Date 2014-12-16
Target L-3 Marine Systems International
Sector Energy Services and Equipment
Buyer(s) Wärtsilä Oyj Abp
Sellers(s) L3 Technologies, Inc.
Deal Type Add-on Acquisition
Deal Value 285M EUR

Target

L-3 Marine Systems International

Germany
L-3 Marine Systems International (L-3 MSI) is a sector within L-3’s Electronic Systems business segment. L-3 MSI is a turnkey supplier of complete electrical systems, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for all types of ships. L-3 MSI has 1,700 employees in 38 locations and 14 countries.

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Buyer(S) 1

Buyer

Wärtsilä Oyj Abp

Helsinki, Finland

website


Category Company
Founded 1834
SectorMarine
Employees17,386
Revenue 4.6B EUR (2020)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wärtsilä Oyj Abp 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, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. Wärtsilä was originally established in 1834 and is based in Helsinki, Finland.


DEAL STATS #
Overall 25 of 33
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 22 of 29
Country (Germany) 6 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 MMI Boiler Management Pte Ltd.

Singapore, Singapore

MMI Boiler Management Pte Ltd., the Singapore-based company specialising in the service and maintenance of boilers for marine and industrial applications. MMI Boiler Management has its main operations in Singapore and coverage throughout Southeast Asia and the Pacific region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Weir American Hydro Corp.

York, Pennsylvania, United States

Weir American Hydro Corp. is a supplier and installer of large equipment upgrades and servicing for the hydroelectric and water distribution industries, specializing in consultancy, design and precision performance enhancements for hydro-turbines and pumps.

Buy -

Seller(S) 1

SELLER

L3 Technologies, Inc.

New York, New York, United States

website


Category Company
Founded 1997
SectorTechnology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.


DEAL STATS #
Overall 2 of 9
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Data Tactics Corp.

McLean, Virginia, United States

Data Tactics Corp., provides solutions that address the future of national security needs, including sense-making from large volumes of data, cloud computing, ultra large-scale data management and analytics, cybersecurity, as well as advanced research, software development and integration capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 MITEQ, Inc.

Hauppauge, New York, United States

Miteq offers a broad product line of active and passive RF microwave components and low-power SATCOM products for space and military applications.

Buy $41M