Wärtsilä - Company Announcement

Acquisition of Vik-Sandvik's ship design companies in Norway closed

Wärtsilä Corporation, Company announcement, 27 August 2008 at 9 am
EET

Wärtsilä has received all relevant regulatory approvals in Norway for
the acquisition of the ship design group Vik-Sandvik. The acquisition
has now been closed for Vik-Sandvik's Norwegian companies Vik-Sandvik
AS, Vik-Sandvik Marine Services AS and Skipkonsulent AS, which form
the substance of the acquisition.

Wärtsilä announced in the beginning of July that it had acquired
Vik-Sandvik, which is a leading, independent group providing design
and engineering services to ship owners and the ship building
industry worldwide.

This acquisition is a major step in Wärtsilä's strategy to strengthen
its position as a total solutions provider and to be the most valued
partner for its customers. Wärtsilä's goal is to become the leading
provider of ship design services in various segments.

Vik-Sandvik will be integrated into Wärtsilä Ship Design within Ship
Power.


For further information, please contact:

Mr Arne Birkeland
President, Wärtsilä Norway AS
Vice President, Ship Power, Ship Design
Tel: +47 534 22971
arne.birkeland@wartsila.com


Mr Atte Palomäki
Group Vice President, Communications
Wärtsilä Corporation
Tel: +358 40 547 6390
atte.palomaki@wartsila.com


Wärtsilä in brief
Wärtsilä enhances the business of its customers by providing them
with complete lifecycle power solutions. When creating better and
environmentally compatible technologies, Wärtsilä focuses on the
marine and energy markets with products and solutions as well as
services. Through innovative products and services, Wärtsilä sets out
to be the most valued business partner of all its customers. This is
achieved by the dedication of more than 17,000 professionals manning
160 Wärtsilä locations in 70 countries around the world. Wärtsilä is
listed on The Nordic Exchange in Helsinki, Finland. www.wartsila.com