Wärtsilä and Lips

Wärtsilä Corporation is seeking to acquire the John Crane-Lips marine business from Smiths Group. The companies made a joint statement earlier this month saying that they are in “exclusive discussions” about the transfer. Wärtsilä has been involved in a strategic alliance with John Crane-Lips since October 2000, based on its desire to provide total solutions for customers? marine propulsion needs.