Wärtsilä To Acquire MMI Boiler Management
Wärtsilä has signed a contract to acquire the assets and business of MMI Boiler Management Pte Ltd., the Singapore-based company specializing in the service and maintenance of boilers for marine and industrial applications.
MMI Boiler Management has its main operations in Singapore and coverage throughout Southeast Asia and the Pacific region. The company’s activities include the service, maintenance, repair and installation of boilers for marine and land-based customers. MMI Boiler Management’s net sales were €5.3 million in 2011, and the company has 138 employees.
MMI Boiler Management will be integrated into Wärtsilä. All employees will continue as Wärtsilä employees after the acquisition, including the current four owners. The value of the transaction is not published. The acquisition is expected to be closed in the first quarter of this year.
For more information: www.wartsila.com