L-3 MARINE SYSTEMS INTERNATIONAL acquired by WÄRTSILÄ CORPORATION

Wärtsilä has acquired L-3 Marine Systems International from L-3 Communications, with the transaction being funded through available cash reserves and existing credit lines. This move is expected to significantly strengthen Wärtsilä's Electrical & Automation business, a strategic segment that is gaining importance as ship technology becomes increasingly sophisticated. The integration of MSI will enable the Finnish group to expand its portfolio of solutions in automation, navigation, electrical systems, dynamic positioning, and underwater communications, while bolstering its international presence through the acquired company's 38 locations. Beyond enhancing its product offering, Wärtsilä aims to generate commercial synergies by providing a more comprehensive range of solutions to its existing customer base and improving the operational efficiency of vessels through integrated solutions. This acquisition is also part of a strategy to upgrade its technological capabilities, driven by the growing digitalization of the maritime industry and the demand for more advanced onboard systems. As a result, the group anticipates a positive contribution to its earnings per share from 2015 onwards, as well as accelerated growth and increased profitability in its Electrical & Automation business.