Wartsila B : Court sanctions the Scheme of Arrangement related to Hamworthy acquisition

Court sanctions the Scheme of Arrangement related to Hamworthy acquisition

Wärtsilä Corporation, Company Announcement, 26 January 2012, at 18:15 hrs (EET)

Wärtsilä is pleased to announce that the Scheme of Arrangement with regards to the acquisition of Hamworthy was sanctioned at a Court hearing held today in London, United Kingdom.

Subject to the Court hearing confirming the associated Reduction of Capital on 30 January 2012, the Scheme is expected to become effective and the control transferred to Wärtsilä on 31 January 2012.

For further information, please contact: 

Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel: [phone]
[e-mail]

For investor information, please contact:

Pauliina Tennilä
Director, Investor Relations
Wärtsilä Corporation
Tel: [phone]
[e-mail]

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä's net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.