Ship Power Market Consolidates
Smiths Group. The transaction enhances Wärtsilä’s position as the global ship power supplier and provider of integrated propulsion systems. The acquisition price is GBP 215 million (approx. EUR 350 million).
The acquisition of John Crane-Lips, which will operate under the name Wärtsilä Propulsion, marks an important step towards Wärtsilä strategic goal to lead the ship power market. Wärtsilä and John Crane-Lips have significant complementary strengths: Wärtsilä has a comprehensive portfolio of marine engines whilst John Crane-Lips has a complete range of marine propulsion products. John Crane-Lips is a supplier of propulsors, marine seals, bearings and integrated propulsion systems. |  |
|
|
About the Company
|
Article Kewords/Phrases:
John Crane-Lips marine propulsion systems Wärtsilä Wartsila Smiths Group propulsion systems propulsors, marine seals, bearings and integrated propulsion systems, marine propulsion systems, propulsion systems, marine propulsion, propulsion system, sale and purchase, wwwmarinetalkcom, marine engines, marine engine, marinetalkcom, marine seals, significant, transaction, complement, crane lips, john crane, marinetalk, propulsion, propulsors, agreement, following, important, portfolio, propulsor, strategic, strengths, uk based, e port, e sea
|
|
