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| Emerson and Wartsila expand global alliance |
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HOUSTON, TEXAS (May 7, 2008) -- Wärtsilä and Emerson Process Management today announce expansion of their powerful global offshore alliance. Under this expansion, they can now deliver integrated energy and automation systems for Floating Production Storage and Offloading vessels and semi-submersible oil and gas drilling rigs.
The companies’ expanded relationship combines the process automation knowledge and state-of-the-art measurement and digital automation technology of Emerson, with the high efficiency power-generation, power-distribution and vessel-automation systems and products of Wärtsilä. Combined, they offer a single point for serving the Floating, Production, Storage and Offloading (FPSO) segment. In particular, they can now offer all system engineering, purchase, installations, commissioning and servicing for this market.
“The global sourcing and supply required in FPSO construction amplify the importance of the expert engineering and project management that our alliance makes available,” said Jaakko Eskola, Group Vice President, Wärtsilä Ship Power. “Emerson and Wärtsilä’s enhanced alliance delivers efficiency, true system integration, turnkey delivery and extended engineering services. We will also enable smooth tanker conversion and commissioning at the site, effectively delivering first oil rapidly at the highest speed.”
“The expanded alliance provides a strong local presence in the most dominant areas of oil and gas exploration around the globe. This world-wide capability ensures that single-stop service is closer to the customer,” commented Tom Snead, President of Emerson’s systems and solutions division. “The comprehensive project and engineering capabilities provide unique advantages for builders, owners, and operators in the marine industry by reducing risk in their capital intensive projects.”
Emerson is a global supplier of process automation and control for oil and gas, refining, chemical and other industries, while Wärtsilä supplies power, automation and propulsion systems to marine and energy customers worldwide. The expansion of their alliance is based on the strength of two major FPSO conversions completed by the companies - YUUM K'AK’NAAB (YKN) now operating in Gulf of Mexico, and Teekay Petrojarl SIRI FPSO, now installed in Brazilian waters – and two other major conversions in process. The engineering teams from these two industry leaders began their collaboration in 2006 within an alliance then mainly covering FPSO vessels.
About Wärtsilä Corporation
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.
About Emerson Process Management
Emerson Process Management, an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, pharmaceutical and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb, Fisher, Rosemount, Micro Motion, Mobrey, Rosemount Analytical, Bristol, Daniel, DeltaV, Ovation, and AMS Suite.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were $22.6 billion.
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