Finnish firm Wärtsilä has acquired Ships Electronic Services (SES) as part of its strategy, to strengthen its service support in the UK, says an article published in Ship Technology.
About SES and its subsidiary
SES is a specialist provider of navigation and communication electronics, as well as installation, maintenance and repair services to commercial and leisure vessels.
The enterprise value of the transaction is approximately £3.2m.
Founded in 1974, SES serves the UK marine market through its wholly owned subsidiary Greenham Regis. The Rochester-based firm has a turnover of approximately £10m with 47 employees.
Wärtsilä view on acquisition
Commenting on the acquisition, Wärtsilä Marine Europe and Africa Area vice president Tamara de Gruyter said: “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.”
SES former shareholder and management team member Paul Rees said: “We have already identified several shared opportunities between the companies and look forward to bringing the enhanced service offering to our customers.”
Wärtsilä’s other Contracts
Wärtsilä recently secured a contract to supply its newly launched modular waterjet for a high-speed ferry being built for the Government of Trinidad and Tobago.
In October, Wärtsilä acquired Spain-based Burriel Navarro to strengthen its underwater services and expand the company’s local presence in the European market.
One year ago, Wärtsilä signed an agreement to acquire Transas, a UK-based marine navigation solutions provider, for €210m, to accelerate its Smart Marine Ecosystem vision.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: ShipTechnology
