Wärtsilä's acquisition of Hamworthy now effective

Wärtsilä's acquisition of the British-headquartered, global engineering company Hamworthy plc has become effective. This acquisition is what Wärtsilä calls a major step in the company’s strategy to strengthen its position as a total solutions provider, offering integrated solutions, and services to the marine and offshore industry.
With those two branches undergoing challenging times as a result of economic and environmental restrictions, the combining of the two companies' strengths is expected to speed up and facilitate the means for customers to reduce operating costs and achieve compliance with environmental legislation. It also further facilitates 'one-stop' procurement procedures for shipyards to reduce risks arising from having multiple suppliers.