Wärtsilä strengthens its position as a global operator in the underwater services market by acquiring Spanish Burriel Navarro
Wärtsilä Corporation, 31 October 2018 at 4.30 pm EET – The technology group Wärtsilä has acquired Burriel Navarro, S.L, a company operating in underwater services in the main ports of Spain. The acquisition supports the growth of Wärtsilä’s underwater services and expands the company’s local presence in the European market. Burriel Navarro will be part of Trident, a Wärtsilä company. Burriel Navarro has 20 employees and its annual revenue is approximately EUR 1.3 million. The acquisition was signed and closed on 31 October 2018.
The acquisition of Burriel Navarro supports Wärtsilä in several areas – from developing its propulsion-related services and strengthening the competences on the underwater services market to supporting its purpose of enabling sustainable societies with smart technology. The acquisition complements the acquisition of Trident in early 2018, bringing opportunities to utilise Trident’s environmentally sound hull cleaning equipment on a wider geographical scale.
A strong network around Europe
Founded in 1969, Burriel Navarro has a long-standing reputation in underwater services. Burriel Navarro specialises in a range of underwater work, including inspection, repair and hull cleaning. Having its head office in Valencia, the company operates an extensive service network in the main ports of Spain.
With the acquisition Wärtsilä strengthens its underwater-related services for customers along major European shipping routes and cruise itineraries even better. “The acquisition supports us in our goals of environmental responsibility by providing us with better access to local ports,” says Tamara De Gruyter, Vice President, Area North Europe, Wärtsilä Services. “The agreement also brings us great opportunities to provide more value adding services and shorter response times for our customers.”
“The agreement brings mutual benefits for us and Wärtsilä, and we are excited about paving new ground in underwater services together,” notes Fernando Burriel, Managing Director, Burriel Navarro. “We look forward to learning from each other.”