Independent journal on economy and transport policy
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Wärstilä Corporation will acquire the L-3 Marine Systems International
The value of the company is of about 285 million euros
December 17, 2014
The Finnish group Wärstilä Corporation has tightened an agreement in order to buy the L-3 Marine Systems International (L-3 MSI), society with center to Amburgo that takes part of the American group L-3 Communications Holdings Inc. and it is specialized in the development of electronic systems and control for the field of the shipping. Wärstilä has specified that the transaction has a value of 285 million euros based on the value of the company, figure that is previewed will be reduced of 60 million euros relatively to pension burdens that will be at the expense of Wärstilä. According to the forecasts, the transaction will be capacity to term in according to trimester of 2015.
According to the waits, L-3 MSI will close the exercise anniversary 2014 with a turnover of about 400 million euros and next an operating margin to 6.5%.
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