Wärtsilä completes Hamworthy acquisition

Wärtsilä has completed its acquisition of British-headquartered Hamworthy plc.

Hamworthy provides a wide assortment of specialist equipment and systems to the shipping industry, and systems that improve process efficiency and environmental compliance in the oil & gas industry.

Wärtsilä says that  Hamworthy’s portfolio of high technology products and systems represents a valuable complementary addition its broad offering that covers the complete lifecycle of a vessel, from initial ship design to daily operating requirements, backed by an extensive global service network. It says the combining of the two companies’ strengths will speed up and ease the means for customers to reduce operating costs and achieve compliance with environmental legislation. It also further facilitates “one-stop” procurement procedures for shipyards.

“This move is fully in line with our strategy,” says Jaakko Eskola, Group Vice President, Wärtsilä Ship Power. “Both companies are excited by the challenges and opportunities in the rapidly evolving offshore, marine gas applications, as well as environmental solutions markets. We have the broadest range of solutions and services in the industry, and by adding Hamworthy’s strengths to our own, we can serve our customers even better.”

“We are delighted to be joining Wärtsilä, an acknowledged leader in providing technologically advanced solutions for customers around the world. The Hamworthy strengths will be gradually and systematically integrated with those of Wärtsilä, with the end result that the customer’s route to greater profitability and easier compliance will be shortened,” says Joe Oatley, CEO, Hamworthy 

January 31, 2011