Wartsile eyes GE's Jenbacher engines division

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Business media have been reporting that Wartsila is a serious contender for acquiring GE's Jenbacher division of engines. Reuters has quoted Wartsila chief financial officer Marco Wirén as saying that Jenbacher has been successful in power ranges below the ones Wartsila has been competent and therefore the acquisition would be a good fit. Wiren has also been reported as saying in an investors' meeting that Jenbacher more focused on commercial and industrial customers whereas Wartsila has been serving primarily utilities.

Jenbacher is a successor to the Austrian Jenbacher Werke. GE acquired the company in 2003.