Wärtsilä acquires French electro-technical se...

Wärtsilä Corporation, Press release, 4 September 2008, at 10.00 (EET)

Wärtsilä has acquired Navelec SAS, a French company specializing in
marine navigation and communication systems, electrical marine
services, and control and automation services. Navelec's main office
is located in Le Havre, in France, with branch offices in St. Nazaire
and Brest.

Navelec  enjoys a valuable reputation among its key customers and has
a broad knowledge of various vessel types, including fly boats,
ferries, carriers, tugs and cruise ships. Navelec also has promising
growth opportunities within the yacht segment.

"Through this acquisition, Wärtsilä is able to broaden its service
offering and technological knowledge in the areas of navigation and
communication. It also strengthens Wärtsilä's position as the leading
service provider within electrical marine and automation services.
Furthermore, the acquisition gives us a strong foothold in one of
France's largest ports, Le Havre, and the nearby region. Together,
Wärtsilä and Navelec can look forward to attractive growth
opportunities as a total service provider for the marine segment,"
says Tage Blomberg, Group Vice President, Wärtsilä Services.

Navelec's annual net sales were 7 million euros in 2007. The company
employs 45 people, of which 26 are field service personnel. Navelec's
businesses will be integrated into Wärtsilä Services' business in
France. All employees will continue as Wärtsilä employees. Wärtsilä
acquired Navelec from Société financière pour l'industrie et
l'agriculture (Sofia). The value of the deal is not published.

During the past months Wärtsilä Corporation has, through
acquisitions, strengthened its existing services offering and
expanded geographically. The company has also been able to enter new
service categories. In addition to Navelec, Wärtsilä has this year
acquired Maritime Service and Vik-Sandvik of Norway, International
Combustion Engineering of Denmark, and Claus D. Christophel Mess- und
Regeltechnik GmbH of Germany. These acquisitions support the strategy
of Wärtsilä to strengthen its position as a total solutions provider
and to be the most valued partner for its customers.

For further information, please contact:

Mr Tage Blomberg
Group Vice President, Wärtsilä Services
tel. [phone]

Mr Michel Kubbinga
Vice President, Services, Wärtsilä France
tel. [phone]

Mr Atte Palomäki
Group Vice President, Communications
Wärtsilä Corporation
Tel. [phone]

Wärtsilä in brief
Wärtsilä enhances the business of its customers by providing them
with complete lifecycle power solutions. When creating better and
environmentally compatible technologies, Wärtsilä focuses on the
marine and energy markets with products and solutions as well as
services. Through innovative products and services, Wärtsilä sets out
to be the most valued business partner of all its customers. This is
achieved by the dedication of more than 17,000 professionals manning
160 Wärtsilä locations in 70 countries around the world. Wärtsilä is
listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com