Finnish technology group Wärtsilä has strengthened its service offering by acquiring the Netherlands-based underwater ship maintenance, inspection, and repair services firm Trident BV.
With the move, Wärtsilä becomes the first global operator in the underwater services market. The acquisition is expected to be closed in January 2018.
The acquisition enables the integration of Trident’s services with Eniram’s analytics as Wärtsilä expands its ‘vessel-as-a-service’ value offering.
The enterprise value of the transaction is EUR 17.5 million and an additional EUR 3.5 million earn-out, based on the business performance in the coming years. The turnover of Trident is approximately EUR 9 million, according to Wärtsilä.
“This acquisition supports Wärtsilä’s strategy on several fronts, starting from Wärtsilä’s purpose to enable sustainable societies with smart technologies. Reduced fuel consumption, efficiency improvements, and higher utilisation rates are always on the top of the operators’ agenda,” Tamara de Gruyter, Vice President, Area North Europe and Propulsion System Services, Wärtsilä Services, said.