Wärtsilä acquires Navelec

Wärtsilä has acquired Navelec SAS, a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec’s main office is located in Le Havre, France, with branch offices in St. Nazaire and Brest.

“Through this acquisition, Wärtsilä is able to broaden its service offering and technological knowledge in the areas of navigation and communication. It also strengthens Wärtsilä’s position as the leading service provider within electrical marine and automation services. Furthermore, the acquisition gives us a strong foothold in one of France’s largest ports, Le Havre, and the nearby region. Together, Wärtsilä and Navelec can look forward to attractive growth opportunities as a total service provider for the marine segment,” says Tage Blomberg, Group Vice President, Wärtsilä Services.

Navelec’s annual net sales were 7 million Euros in 2007. The company employs 45 people who will continue as Wärtsilä employees and will be integrated into Wärtsilä Services’ business in France.