Nordic Business Report-June 30, 2006-Wartsila Corporation completes acquisition of Total Automation Ltd in Singapore
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The Finnish ship power and power plant solutions provider Wartsila Corporation said on Friday (30 June) that it has completed its previously announced acquisition of Singapore-based engineering, control and instrumentation specialist Total Automation Ltd.
The purchase price amounted to EUR61.6m.
Total Automation has over 400 employees and reported net sales of EUR42.8m in 2005.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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