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Wartsila acquires Vik-Sandvik

CHENNAI: Wartsila has acquired the global ship design group, Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. According to a release, the value of the acquisition is euro 132 million with an additional maximum sum of euro 38 million to be paid based on the performance of the business over the next three years. — Corporate Reporter

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