M&A Deal Summary

Wärtsilä Acquires DEUTZ Marine Engine Service Business

On January 13, 2005, Wärtsilä acquired marine company DEUTZ Marine Engine Service Business from Deutz for 115M EUR

Acquisition Highlights
  • This is Wärtsilä’s 4th transaction in the Marine sector.
  • This is Wärtsilä’s 2nd largest (disclosed) transaction.
  • This is Wärtsilä’s 2nd transaction in Germany.

M&A Deal Summary
Date 2005-01-13
Target DEUTZ Marine Engine Service Business
Sector Marine
Buyer(s) Wärtsilä
Sellers(s) Deutz
Deal Type Divestiture
Deal Value 115M EUR

Target

DEUTZ Marine Engine Service Business

Cologne, Germany
DEUTZ Marine Engine Service Business consists of original spare parts sales, repair and maintenance for DEUTZ medium and large marine diesel engines. This portfolio covers medium-speed and high-speed engines with outputs ranging up to 7,250 kW.

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Buyer(S) 1

Buyer

Wärtsilä

Helsinki, Finland

website

Category Company
Founded 1834
Sector Marine
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 4 of 34
Sector (Marine) 4 of 20
Type (Divestiture) 1 of 4
Country (Germany) 2 of 6
Year (2005) 1 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-03 Decam B.V.

Netherlands

Decam B.V. specialize in electro technical service and repair works on board vessels worldwide and offshore installations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-16 Gerhardt Holding

New Orleans, Louisiana, United States

Gerhardt Holding Co. Inc. specializes in the servicing of control and automation equipment for gas and diesel engines and steam turbines. Company offers control and automation equipment service for both marine and land-based installations. The company is strongly positioned regionally in the Gulf of Mexico and on the east and west coasts of the USA.

Buy €9M

Seller(S) 1

SELLER

Deutz

Cologne, Germany

website

Category Company
Founded 1864
Sector Machinery
Employees4,548
Revenue 2.0B EUR (2022)
DESCRIPTION

Deutz is a independent supplier in the premium segment, it want to be the innovations leader in technology geared to market requirements. We aim to not only provide engines to our customers, but complete systems solutions and comprehensive services. Deutz was founded in 1864 and is based in Cologne, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 2
Country (Germany) 2 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Aluminium technology unit

Germany

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Torqeedo

Wessling , Germany

Torqeedo is a provider of electric drive systems for watercraft that develops and manufactures electric and hybrid drives from 0.5 kW to 100 kW for leisure and commercial applications. Torqeedo’s products are characterised by an uncompromising focus on high-tech, maximum efficiency and complete system integration. Torqeedo was founded in 2005 and is based in Wessling, Germany.

Buy -
Mergr

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