Wärtsilä acquires Schiffko

Wärtsilä Corporation has signed an agreement to acquire the German ship design company group Schiffko which is privately-owned and has annual net sales totalling approximately EUR 4 million and some 25 employees.

Schiffko, based in Hamburg, specializes in the planning and design of ships especially in the container, research and offshore vessel segments. It also provides consultancy including project management and also all kinds of supervisory work for shipowners and shipyards utilizing Schiffko’s extended global maritime network of partners and experts. The company has a strong reputation and market position in these segments.

According to Mr Jaakko Eskola, Group Vice President, Ship Power, Wärtsilä Corporation, the acquisition supports Wärtsilä’s strategic focus to grow as a system integrator and provider of total solutions to the shipping and shipbuilding market. The acquired business will add ship design expertise to Wärtsilä’s wide product and service offering. The acquisition of Schiffko supports the development of Wärtsilä’s low-speed engine business in Asia and especially in the Chinese market.

The company has 50 years experience in planning and design in the marine field. It has been involved in far more than 2500 ship design projects in 60 countries over the world.