Wartsila

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

Arjen Berends

CFO and Executive Vice President

Louis Strydom

Director, Project and Market Development - Middle East

7 past transactions

Marindows

Corporate Round in 2022
Marindows is a company specializing in marine solutions, offering a cloud-based OS, drone ship development, and digital content creation.

Soletair Power

Seed Round in 2021
Soletair Power is a Finnish startup founded in 2016, operating in the field of Direct Air Capture technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized, stored, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created the world's first Power-to-X unit that can produce fuel out of thin air at the Finland pavilion in Expo 2020 Dubai. Since then, the company has successfully delivered several carbon capture units and signed deals in Germany, Denmark, Hungary, Finland and UAE.

Soletair Power

Seed Round in 2019
Soletair Power is a Finnish startup founded in 2016, operating in the field of Direct Air Capture technology. The company captures CO2 from the air by retrofitting buildings' ventilation systems with carbon capture technology, resulting in low building emissions. Captured carbon dioxide can be mineralized, stored, transported, and used as raw materials to produce synthetic products. In 2020, Wärtsilä, together with Soletair Power and Q-Power, created the world's first Power-to-X unit that can produce fuel out of thin air at the Finland pavilion in Expo 2020 Dubai. Since then, the company has successfully delivered several carbon capture units and signed deals in Germany, Denmark, Hungary, Finland and UAE.

Transas Group

Acquisition in 2018
Transas offers best-in-class navigation systems and integrated bridge solutions
Greensmith provides system integration, battery controls, web-based software, and data analytics for stationary energy storage systems. The company’s systems combine cloud computing with battery storage and management technologies to help solve complex problems related to critical changes unfolding on the electrical grid. Its fourth generation software platform, GEMS, is used for voltage and frequency regulation, peak shaving, PV smoothing, microgrids, and back-up power for critical loads. The company started as a battery-agnostic system integrator and software developer, combining multiple battery types and power conversion systems with proprietary firmware and software to orchestrate and maximize performance and safety. Greensmith’s customers include utilities, power developers, independent power producers, and commercial and industrial firms. Greensmith was founded in 2008 and is based in Rockville, Maryland.

Eniram

Acquisition in 2016
Eniram provides maritime energy management systems for the shipping industry. It offers Eniram Vessel Platform, a real-time data collection platform that measures vessel performance and fuel consumption; Dynamic Trimming Assistant, a system used for maintaining optimum trim; Optimum Speed Assistant, a speed optimization solution; and Engine Load Assistant, a system that balances the required engine load for multiple engines helps to enable fuel savings. Eniram also provides Vessel Performance Manager, a solution that helps vessel’s crew analyze and track energy efficiency of the vessel; Fleet Performance Manager, a system that enables onshore monitoring and management of vessel performance for optimizing fuel efficiency; Eniram Engine, a tool for TFDE LNG carriers' engineers and officers that suggests optimal engine combination and fuel types for the prevailing conditions in order to save fuel; and Eniram analytics services that include vessel performance data analysis to save fuel, including hull fouling, dry-dock impacts, hull-ageing, and custom analysis. Eniram's products are used in cruise ships, ferries, container ships, tankers, bulkers, and LNG vessels. Henrik Dahl and Jussi Pyörre founded Eniram in 2005, with its headquarters in Helsinki in Finland. Eniram has additional offices in Singapore, the United States, Germany, and the United Kingdom. It operates as a subsidiary of Wärtsilä as of July 1, 2016.

Hamworthy

Acquisition in 2011
Hamworthy is a leading designer, developer and manufacturer of advanced marine fluid handling systems for ships and offshore oil and gas facilities. The company specializes in innovative and often highly customized designs for marine gas handling, pumping and water systems.
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