Interim Report Q3 2019

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.