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Kongsberg Maritime to acquire Berg Propulsion 

Kongsberg Maritime ASA announced an agreement to acquire the Swedish company Berg Propulsion AB. The company is a leading designer and manufacturer of integrated propulsion and electrical systems for the marine market (image: courtesy of Berg Propulsion)

Volkswagen Group to Sell Everllence

Under the exclusive arrangement entered into with Bain Capital, the Volkswagen Group is to sell 51 percent of its shares in Everllence, and plans to remain a major shareholder with a 49 percent stake in the medium term

Highlights

Marine

Wärtsilä for vessels propulsion

Wärtsilä will supply the 31 engine and propulsion equipment for a 3800 DWT heavy lift vessel and signed a 10-year Lifecycle Agreement with MOL Global Ship Management

Ferretti Yachts 720 is Powered by MAN V12

Equipped with a pair of 1400 hp MAN V12 engines, the first Ferretti Yachts 720 unit, bound for the American market, was launched in November at the Ferretti Group shipyard in Ravenna
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