Wilhelmsen Aquires Callenberg Group / AC Marine
01 September 2007
Wilhelmsen Maritime Services (WMS), part of the Norwegian public Wilh. Wilhelmsen has reached an agreement in principle with Segulah to acquire 100% of Callenberg Group. Final agreement is subject to final share purchasing agreement, confirmatory due diligence and regulatory approval.
The share purchase agreement is planned to be signed no later than October 2007.
WMS has the ambition to be active in the current consolidation process within the marine and offshore industry. By this acquisition WMS will strengthen its position within El, Automation and HVAC and will complement the existing business.
Callenberg will continue as a stand alone subsidiary of WMS. CEO Lars Marcusson of Callenberg says: "I am personally delighted for this solution and having Wilhelmsen as new owners. Belonging to a worldwide leading maritime services company gives us the opportunity to further expand our design, products and services within a truly global network and sales organisation."
