Wärtsilä still looking at Rolls-Royce’s marine business

Acquisitive Finnish ship technology giant Wärtsilä has not given up the chase for Rolls-Royce’s marine business.

In an interview with Reuters, Wärtsilä’s CEO Jaakko Eskola was still planning acquisitions, hot on the heels of making a EUR210m move for tech firm Transas last month, with the marine side of Rolls-Royce now under discussion. Rolls-Royce has been conducting a review of a possible sale of its marine business.

“We will investigate all possible acquisition cases if they would support our strategy. Rolls-Royce Marine is of course very close to our strategy,” Eskola told Reuters.

Wärtsilä missed its first quarter earnings expectations, citing a slower than expected paced recovery in shipping.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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