Strategic projects, acquisitions, joint ventures and expansion of the network
The acquisition of L-3 Marine Systems International (MSI) from the NYSE-listed L-3 Communications Holdings Inc. has been finalised and control of the company was transferred to Wärtsilä with effect from 1 June 2015. Integration is proceeding according to plan and MSI’s financial development is in line with expectations. Further information on the acquisition can be found in the interim report tables.
Construction of the CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory in Lingang, Shanghai is proceeding according to plan. The business licence was received in July 2015. The first engines are expected to be ready for delivery during 2016.