(PRESS RELEASE) HELSINKI, 3-May-2019 — /EuropaWire/ — Wärtsilä acquires UK based Ships Electronic Services Ltd (“SES”), a company specializing in navigation and communication electronics, installation, maintenance and repair services, mainly for commercial and leisure vessels. The acquisition strengthens Wärtsilä’s service offering in the UK. The acquisition was signed and closed on 2 May 2019. The enterprise value of the transaction is GBP 3.2m.
Headquartered in Rochester, SES was established in 1974. It also operates out of nine other offices in the UK. The company and its wholly-owned subsidiary Greenham Regis Ltd, holds a strong local presence across the local marine service market. SES employs 47 staff and has turnover of approximately GBP 10m.
Tamara de Gruyter, Vice President, Europe and Africa Area, Wärtsilä Marine commented: “Wärtsilä has a long history in providing electrical and automation services in the UK. The acquisition strengthens our in-house service competences and local coverage. We are able to support our customers even better with a full range of electrical, automation, navigation and communication services.”
Paul Rees, former shareholder and management team member, SES adds: “We are very excited to join Wärtsilä. We have already identified several shared opportunities between the companies and look forward to bringing the enhanced service offering to our customers.”
For more information, you can reach:
Ms Tamara de Gruyter
Vice President, Europe and Africa Area
Tel: +31 653 151 503
Mr Bob Bell
General Manager, Electrical & Automation,
Wärtsilä UK Ltd
Tel: +44 7545 208 260
Ms Marit Holmlund-Sund
General Manager, Positioning, Marine Business Marketing
Tel: +358 10 709 1439