Wartsila could acquire Rolls-Royce’s marine business or MAN power engine business
Wartsila, the Finnish power engine company, could acquire the British engine maker Rolls-Royce’s marine business or the German MAN power engine business, according to Arvopaperi.
The Finnish-language magazine cited Jaakko Eskola, the chief executive who said that the company wants to be an active M&A player and boost its business with acquisitions.
He said that Rolls-Royce has certain problems right now and Wartsila is waiting to see if its marine operations will come up for sale.
It would make a suitable target for Wartsila, he said. He also said that it is possible MAN will come up for sale, due to difficulties experienced by Volkswagen.
It was reported last year that Rolls-Royce was interested in buying Wartsila but now Wartsila wants to be the acquirer, he said.
Arvopaperi