Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsEuropeRolls-Royce bid for Wärtsilä stalls

Rolls-Royce bid for Wärtsilä stalls

Rolls-Royce bid for Wärtsilä stalls
Wärtsilä has rejected a takeover offer from Rolls-Royce and there are no ongoing discussions between the two engine and equipment manufacturers.

In announcements reacting to media speculation about a possible sale, Wärtsilä and Rolls-Royce both admitted a preliminary offer was sent and that the Wärtsilä board evaluated the approach as it is obligated to do.

Both companies trace their marine histories back to the 1830s and are no strangers to acquisition, with examples including Wärtsilä's 2012 purchase of engineering firm Hamworthy and Rolls-Royce's £1bn acquisition spree in 1999 which included Vickers Plc, parent company of Ulstein.

TAGS: Finance & Insurance Shipyards
Related
Nation state flags fly at IMO building
Clock ticks down on ballast water compliance
Apr 26, 2024
Wartsila-methanol-engine.png
Wärtsilä bags China's largest methanol newbuild engine order
Apr 25, 2024
GSBN container
MSC works with GSBN to boost lithium battery shipments safety
Apr 25, 2024
Stolt Tankers newbuildings artist impression[90].jpg
SFL buys chemical tanker duo for charter to Stolt Tankers
Apr 25, 2024