The transaction will cost around EUR 285m ($355m) and is due to be finalised during the second quarter of 2015.
Wartsila said the deal will be financed from existing cash resources and credit facilities while a reduction of EUR 60m for L-3 MSI’s employee pension liabilities will be factored in.
The acquisition comes at a time when the operation of vessels is becoming more sophisticated and the number of ships with electric propulsion systems is increasing, it said.
Jaakko
