Wärtsilä acquires ICE's Dubai unit
Dubai, June 8, 2008
Wärtsilä has acquired the boiler services business of International Combustion Engineering’s (ICE) former subsidiary in Dubai.
The acquired boiler service business, which currently employs seven people, will be integrated into Wärtsilä in Dubai, a statement said.
This transaction follows Wärtsilä’s acquisition of the Denmark-based International Combustion Engineering (ICE) announced in April of this year and completes the acquisition, it said.
Wärtsilä, which provides complete lifecycle power solutions, employs more than 17,000 professionals manning 160 locations in 70 countries around the world.
Wärtsilä’s entry into the new field of boiler services improves the company’s position and competitiveness as a leading total services provider. This latest acquisition in Dubai will further expand Wärtsilä’s geographical coverage in providing boiler service support to customers throughout the Middle East, the company said.
“ICE’s expertise and knowledge in boiler services have added an important extra dimension to Wärtsilä’s ability to provide total support. With the completion of the Dubai acquisition, we can provide even more added value to our customers in this important region,” says Tage Blomberg, group vice president, Wärtsilä Services. –TradeArabia News Service