Benchmark International is pleased to announce the transaction between global technology group, Wärtsilä, and Ships Electronic Services (SES), specialists in navigation and communication electronics, installation, maintenance and repair services, primarily for commercial and leisure vessels.
Established in 1974, SES has its headquarters in Rochester along with nine other offices in the UK, where the company employs 47 staff. Together with its wholly-owned subsidiary Greenham Regis Ltd, SES holds a strong presence across the local marine services market.
Wärtsilä is a Finnish corporation listed on Nasdaq Helsinki that operates in smart technologies and complete lifecycle solutions for the marine and energy markets, maximising the environmental and economic performance of vessels and power plants for its customers. The company has operations in over 200 locations across more than 80 countries around the world, employing approximately 19,000 staff. In 2018, Wärtsilä’s net sales totalled €5.2 billion.
Shareholder of SES, Paul Rees, said: “We are very excited to join Wärtsilä. We have already identified several shared opportunities between the companies and look forward to bringing the enhanced service offering to our customers.”
Tamara de Gruyter, Vice President of Wärtsilä Marine for Europe and Africa stated: “Wärtsilä has a long history in providing electrical and automation services in the UK. The acquisition strengthens our in-house service competences and local coverage. We are able to support our customers even better with a full range of electrical, automation, navigation and communication services.”
Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.