Wärtsilä to divest its Valves business
Wärtsilä Corporation, Press release, 1 October 2020 at 10:00 AM EESTThe technology group Wärtsilä announces the divestment of 100% of the shares in Wärtsilä Valves Ltd to an affiliate of Evergreen Capital L.P., based in New York, US. Wärtsilä Valves Ltd. supplies the entire range of three long-established brands: Shipham, John Mills and Robert Cort. Its activities include engineering, assembly, testing, sales and delivery of nickel aluminium bronze (NAB) and duplex valves for marine, oil & gas and energy markets. Additionally, Wärtsilä Valves offers applications for Valves’ products,