Marine Link
Sunday, May 20, 2018

Wärtsilä’s Acquisition of Transas is Completed

Maritime Activity Reports, Inc.

May 4, 2018

Roger Holm, President, Wärtsilä Marine Solutions (CREDIT: Wärtsilä)

Roger Holm, President, Wärtsilä Marine Solutions (CREDIT: Wärtsilä)

The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company will be transferred to Wärtsilä effective from 4 May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value).
 
Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. It is also a leader in professional training and simulation services, as well as ship traffic control systems. In acquiring Transas, Wärtsilä takes a big step forward in achieving its mission of enabling sustainable societies with smart technology. It will also speed delivery on the company’s promise to disrupt the industry by establishing a Smart Marine ecosystem. Wärtsilä envisions a secure, smart, and cloud-based future through the development of applications that leverage machine learning and artificial intelligence.
 
Transas currently has net annual sales in the region of EUR 140 million and employs approximately 1,000 people working from 22 regional offices worldwide. They will become integrated within Wärtsilä’s Marine Solutions business. It is expected that the company’s large base of software engineers will play a key role in assisting Wärtsilä in the development of smart products and a digital platform.
 
“Combining Transas with Wärtsilä will bring the Smart Marine Ecosystem many steps forward. It is a very positive move for both parties, and we welcome the Transas team into our organisation,” says Roger Holm, President, Wärtsilä Marine Solutions.

 

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News