10 Best Industrial Conglomerate Stocks To Own Right Now: Wartsila Oyj Abp (WRT1V.HE)Wartsila Oyj Abp is a Finland-based company. Its operations are divided into four segments: Power Plants, Ship Power, Services and PowerTech. The Power Plants segment offers multi-fuel solutions for power generation markets, such as gas power plants, dual-fuel power plants, oil power plants and liquid biofuel power plants, among others. The Ship Power segment offers a range of products and services to both shipyards and ship owners, such as medium-speed and low-speed engines, seals and bearings, automation systems, ship design and ballast water treatment systems, among others. The Services segment offers solutions, such as basic support, installation and commissioning, performance optimization and upgrades, among others. The PowerTech segment comprises research and development for medium-speed engines and other operations, with a focus on gas, environmental solutions and Smart Power Generation drives. It has operations in more than 160 locations in over 70 countries around th e world. Advisors' Opinion:
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The British company tried to strengthen its maritime engine business through a $10 billion takeover of Finland's Wärtsilä Oyj (WRT1V.HE) which rebuffed Rolls-Royce’s preliminary approach. The attempted acquisition of a company of that size surprised investors who hadn't realized expansion was on management's agenda so soon after its full takeover of Tognum, a German engineering company originally acquired in partnership with Daimler.
source from Top Stocks For 2015:http://www.topstocksblog.com/10-best-industrial-conglomerate-stocks-to-own-right-now-3.html