Wärtsilä acquires Norwegian ship service compan...

Wärtsilä Corporation, Press release, 3 March 2008, at 2.30 pm EET

Wärtsilä has acquired the Norwegian company Maritime Service AS,
which specializes in ship service, mechanical and reconditioning
services. Maritime Service has its operations in Ålesund, in More
region on the west coast of Norway.

Maritime Service is well-positioned within fishery segment and has
promising business potential in the ferry and off-shore vessel
businesses. The purchase of Maritime Service will strengthen
Wärtsilä's position and expand Wärtsilä's service offering in More
region in Western Norway.

The annual net sales of Maritime Service were 26 million NOK (EUR 3.2
million) in 2007. The company employs 28 people, of which 25 are
service workers. Maritime Service's businesses will be integrated
into Wärtsilä Services business in Norway. All employees will
continue as Wärtsilä employees. The value of the deal is not
published.

"Maritime Service's skilled personnel, knowhow and established
customer relations within fishery are a valuable addition to
Wärtsilä's offering," says Mr Tage Blomberg, Group Vice President,
Wärtsilä Services.

"Through the acquisition, Maritime Service will benefit from
Wärtsilä's broad capabilities and service offering, strong market
presence and customer relations," Blomberg continues.


Further information
Tage Blomberg, Group Vice President, Wärtsilä Services, tel.
[phone]
Sveinung Hansen, Vice President, Services, Wärtsilä Norway, tel.
[phone]
Ove Rorvik, Managing Director, Maritime Service AS, tel. [phone]
Eeva Kainulainen, VP Corporate 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 16,000 professionals manning
150 Wärtsilä locations in 70 countries around the world. Wärtsilä is
listed on The Nordic Exchange in Helsinki, Finland.
www.wartsila.com