Wärtsilä

OE Staff
Tuesday, January 10, 2012

Wärtsilä will acquire marine oil & gas engineering firm Hamworthy in a £383 million cash deal. The merger ‘will allow both organisations to broaden and enhance their capabilities in rapidly evolving offshore and marine applications as well as environmental solutions markets,’ Wärtsilä said. The acquisition is expected to close 1Q 2012, pending Hamworthy shareholder approval and clearance from German and Norwegian regulators.

Categories: Activity Europe

Related Stories

Acteon Acquired by Private Equity Investors with New CEO in Charge

TWP Hires Ramboll for Offshore Wind Foundations Design

Nexans Secures First Call-Off Under TenneT’s Offshore Wind Grid Deal

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

Subscribe for OE Digital E‑News