Wärtsilä is a global leader in smart technologies and complete lifecycle solutions specifically for the marine and energy markets. The company focuses on sustainable innovation, total efficiency, and data analytics to enhance the environmental and economic performance of its customers' vessels and power plants. With operations in over 200 locations across more than 80 countries, Wärtsilä employs around 18,000 individuals. In 2017, the company reported net sales of EUR 4.9 billion, reflecting its significant presence and influence in the industry.
Director, Project and Market Development - Middle East
8 past transactions
Marindows
Corporate Round in 2022
Marindows is a company focused on providing innovative marine solutions that enhance efficiency in the maritime industry. It develops a cloud-based operating system designed to promote data utilization, addressing challenges such as the aging domestic shipping fleet and delays in direct exchanges. The platform leverages advancements in information and communication technology to improve operational processes within the marine sector. Additionally, Marindows is involved in the development of drone ships and digital content creation, further contributing to the modernization and effectiveness of maritime operations.
Soletair Power
Seed Round in 2021
Soletair Power is a Finnish startup established in 2016 that specializes in Direct Air Capture technology. The company focuses on capturing carbon dioxide from the atmosphere by retrofitting ventilation systems in buildings with its carbon capture technology, leading to reduced emissions. The captured CO2 can be mineralized, stored, or transformed into raw materials for synthetic products. In collaboration with Wärtsilä and Q-Power, Soletair Power developed the first Power-to-X unit at Expo 2020 Dubai, which converts air into fuel. The company has since successfully delivered multiple carbon capture units and secured contracts in various countries, including Germany, Denmark, Hungary, Finland, and the UAE, enabling a wide range of stakeholders, such as corporations and real estate developers, to participate in large-scale carbon dioxide removal initiatives.
Soletair Power
Seed Round in 2019
Soletair Power is a Finnish startup established in 2016 that specializes in Direct Air Capture technology. The company focuses on capturing carbon dioxide from the atmosphere by retrofitting ventilation systems in buildings with its carbon capture technology, leading to reduced emissions. The captured CO2 can be mineralized, stored, or transformed into raw materials for synthetic products. In collaboration with Wärtsilä and Q-Power, Soletair Power developed the first Power-to-X unit at Expo 2020 Dubai, which converts air into fuel. The company has since successfully delivered multiple carbon capture units and secured contracts in various countries, including Germany, Denmark, Hungary, Finland, and the UAE, enabling a wide range of stakeholders, such as corporations and real estate developers, to participate in large-scale carbon dioxide removal initiatives.
Transas Group
Acquisition in 2018
Transas offers best-in-class navigation systems and integrated bridge solutions
Lock-N-Stitch
Acquisition in 2018
Lock-N-Stitch Inc. is a manufacturer and service repair company based in Turlock, California, specializing in the restoration of cracked and damaged cast iron and other cast metals. The company offers a comprehensive range of casting repair services, including metal stitching, fusion welding, furnace repair, and both in-house and on-site machining. They also provide inspection and testing services alongside precision thread repair solutions. In addition to their repair services, Lock-N-Stitch manufactures various tools and supplies for crack repair, such as stitching pins, locks, and specialized kits. Their thread repair products include inserts of various types, plugs, and alignment fixtures. Lock-N-Stitch serves a diverse array of industries, including power generation, mining, and manufacturing, facilitating permanent repairs without the need for welding. Founded in 1990, the company operates as a subsidiary of Wärtsilä Oyj Abp.
Greensmith Energy Management Systems
Acquisition in 2017
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 Ltd. specializes in maritime energy management systems designed for the shipping industry, focusing on reducing fuel consumption and emissions. The company offers a range of products, including the Eniram Vessel Platform, which collects real-time data on vessel performance and fuel usage, and various optimization tools such as the Dynamic Trimming Assistant, Optimum Speed Assistant, and Engine Load Assistant. Additionally, Eniram provides the Vessel Performance Manager for crew analysis of energy efficiency, the Fleet Performance Manager for onshore monitoring, and Eniram Engine, which assists engineers in selecting the most efficient engine combinations and fuel types. The company's analytics services examine factors such as hull fouling and dry-dock impacts to enhance fuel savings. Eniram’s solutions are utilized across various vessel types, including cruise ships, ferries, container ships, tankers, bulkers, and LNG vessels. Founded in 2005 and headquartered in Helsinki, Finland, Eniram has expanded its operations with offices in Singapore, the United States, Germany, and the United Kingdom, and it has been a subsidiary of Wärtsilä since July 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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