Wärtsilä and Mitsubishi Heavy Industries Ltd have signed a ten-year renewal of the existing co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine diesel engines.
Mitsubishi is the longest-standing member of the Wärtsilä family of low-speed engine licensees. The renewal was signed on the 84th anniversary of the signing of the first licence by Mitsubishi for Sulzer low-speed marine engines on 14 January 1925. Sulzer diesel engines were incorporated in the Wärtsilä engine programme in 1997.
The licence co-operation agreement is a basis for the exchange of diesel engine technology between Wärtsilä and Mitsubishi, defining and regulating intellectual property rights, and the delivery and feedback of technical information and support. Such licence agreements allows synergies to the participating companies of aggregating research, development and design with the licensor while distributing and localising manufacture to licensees in separate countries.
Wärtsilä and Mitsubishi renew co-operation agreement