MARITIME OPERATIONS: THE HUMAN ELEMENT Washington Marriott, Washington,DC April 23 & 24, 2002 Maritime Services Directory  Get your copy now! Also available on CD-ROM

April 15, 2002 Wärtsilä hoists flag over John Crane-Lips Wärtsilä and the Smiths Group today completed the agreement transferring marine propulsion supplier John Crane-Lips to Wärtsilä. The acquisition price was GBP 215 million (EUR 350 million). Wärtsilä´ says the acquisition marks an important step towards its strategic goal of leading the ship power market. The company will be part of Wärtsilä's Marine Division under the name Wärtsilä Propulsion. Christoph Vitzthum,currently VP, Finance & Control of Wärtsilä Marine Division, has been appointed President of Wärtsilä Propulsion. Recommend This Page Enter an email address HOME