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Acquisitions
Ships Electronic Services Ltd
In May, Wärtsilä acquired 100% of Ships Electronic Services Ltd (“SES”), a UK based company specializing in navigation and communication electronics, installation, maintenance and repair services, mainly for commercial and leisure vessels. SES’ turnover was approximately GBP 10 million and the company employed a staff of 47. The enterprise value of the transaction was GBP 3.2 million.
The consideration paid and the impact on profit for the reporting period are not significant.

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