Announcement • Jun 09
Wärtsilä Corporation Announces Nomination Board Appointments Wärtsilä Corporation announced that the following members had been appointed to Wärtsilä's Shareholders' Nomination Board: Petra Hedengran, Senior Advisor, Investor AB, appointed by Invaw Invest AB; Markus Aho, Chief Investment Officer & Deputy CEO, Varma Mutual Pension Insurance Company; Rami Vehmas, Head of Equities, Ilmarinen Mutual Pension Insurance Company; Carl Pettersson, CEO, Elo Mutual Pension Insurance Company; and Tom Johnstone, Chairman of the Board of Directors of Wärtsilä. Wärtsilä's Shareholders' Nomination Board consists of five members. Four representatives are nominated by the company's four largest shareholders, with the fifth member being the Chairman of Wärtsilä's Board of Directors. The four largest shareholders are determined on the basis of the shareholders' register maintained by Euroclear Finland Ltd. as of June 1 preceding the Annual General Meeting of shareholders. The Shareholders' Nomination Board prepares and presents to the General Meeting proposals relating to the composition and remuneration of the Board of Directors. In addition, the Nomination Board reviews and adjusts the diversity principles of the Board of Directors, as necessary, and does successor planning of the directors. Announcement • Apr 29
Wärtsilä Corporation Announces Tamara De Gruyter, President, Energy Storage and Executive Vice President, to Continue Her Career Outside the Company Wärtsilä Corporation announced that Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member of Wärtsilä's Board of Management, has decided to continue her career outside Wärtsilä and accept a new role with another company. She will continue to lead Wärtsilä's Energy Storage business until the end of August 2026, ensuring continuity for customer commitments and a smooth transition. Recruitment of the successor has been initiated. Announcement • Mar 13
Wärtsilä Oyj Abp Approves Extraordinary Dividend for the Financial Year 2025, Payable on March 23, 2026 The board of directors of Wärtsilä Oyj Abp at the Annual General Meeting held on 12 March 2026, approved an extraordinary dividend of EUR 0.52 per share shall be paid for the financial year 2025. The extraordinary dividend of EUR 0.52 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record day of 16 March 2026. The payment day proposed by the Board is 23 March 2026. Announcement • Feb 06
Solix Group ApS agreed to acquire Water & Waste business of Wärtsilä Oyj Abp (HLSE:WRT1V). Solix Group ApS agreed to acquire Water & Waste business of Wärtsilä Oyj Abp (HLSE:WRT1V) on February 5, 2026.
In 2025, the annual revenue of Water & Waste was €54 million.
Subject to approvals, the transaction of Water & Waste is expected to be completed in the third quarter of 2026. Announcement • Jan 13
Karin Falk Not to Stand for Re-Election as Board of Director of Wärtsilä Corporation Wärtsilä Corporation announced that Karin Falk has informed that she is not available for re-election to the Board of Directors at its upcoming AGM to be held on 12 March 2026. Announcement • Dec 23
Mutares SE & Co. KGaA (XTRA:MUX) signed an agreement to acquire Gas Solutions Business of Wärtsilä Oyj Abp (HLSE:WRT1V). Mutares SE & Co. KGaA (XTRA:MUX) signed an agreement to acquire Gas Solutions Business of Wärtsilä Oyj Abp (HLSE:WRT1V) on December 22, 2025. The corporate carve-out transaction strengthens the Engineering & Technology segment of Mutares as a new platform investment.
In 2024, the annual revenue of Gas Solutions Business was €300 million.
The transaction is expected to close in the first half of 2026, subject to customary approvals.
BDA Partners Ltd acted as financial advisor for Wärtsilä Oyj Abp. Announcement • Sep 10
Wärtsilä Oyj Abp Announces Executive and Board Changes Wärtsilä Oyj Abp announced that Kari Hietanen has informed of his intention to retire as Executive Vice President, Public Affairs and Sustainability, in the spring of 2026. After serving Wärtsilä in various expert and leadership roles for 37 years, he will step down from the company Board of Management at the end of 2025. As of 1 January 2026, Kari Hietanen's responsibilities will be redistributed within the Board of Management as follows: Public Affairs and Sustainability responsibilities will be transferred to Executive Vice President, Legal and Compliance Nora Steiner-Forsberg. Cyber Security responsibilities will be transferred to Executive Vice President and Chief Financial Officer Arjen Berends and Safety and Corporate Security responsibilities will be transferred to Executive Vice President, Human Resources Teija Sarajärvi. Following Kari Hietanen's upcoming retirement, the members of the Board of Management as of 1 January 2026 will be: Håkan Agnevall, President & CEO; Arjen Berends, Executive Vice President and Chief Financial Officer; Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President; Roger Holm, President, Wärtsilä Marine and Executive Vice President; Anders Lindberg, President, Wärtsilä Energy and Executive Vice President; Teija Sarajärvi, Executive Vice President, Human Resources; Anu Sirkiä, Executive Vice President, Marketing and Communications; Nora Steiner-Forsberg, Executive Vice President, Public Affairs and Legal. Announcement • Jun 11
Wärtsilä Oyj Abp Redefines Organisational Structure Wärtsilä announced on 31 March 2025 the closure of the strategic review of Energy Storage and Optimisation (ES&O) and concluded that the reporting segment Wärtsilä Energy would be separated into two independent reporting segments. Effective from 1 April 2025, Wärtsilä has three reporting segments: Wärtsilä Marine, Wärtsilä Energy, and Wärtsilä Energy Storage. Portfolio Business continues to be reported as other business activities. The change in the reporting structure will be reflected in Wärtsilä's financial reporting starting from the second quarter of 2025. Announcement • Feb 11
Wartsila Introduces Next-Generation Engine to Balance Renewables and Improve Power Plant Performance Wartsila launched its next generation 46TS engine, which is designed to balance renewable energy, provide highly efficient baseload power, and can run on sustainable fuels in future. The Wartsila 46TS large-bore engine has evolved from a long line of proven and reliable power plant engines, including the Wartsila 50 engine platform. The W50 engine is one of the world's most successful power generating engines of all time, having delivered 55 million running hours around the world since 2008. Using balancing engines to support intermittent renewables is a more viable path towards a net zero power system than a renewables-only pathway. Balancing power can reduce costs, emissions, and land use, as revealed in Wartsila's recent global power system modelling report, Crossroads to Net Zero, which detailed the vital role of balancing power in delivering the energy transition. The Wartsila 46 TS is designed with sustainable fuels in mind, to ensure that when they become readily available, these engines can play an essential role in delivering 100% renewable power systems. The engine provides a myriad of benefits for power producers, including: Next level efficiency and performance: Significantly improved over 51% engine efficiency saves fuel and reduces emissions, with excellent performance in extreme ambient conditions and at high altitudes. Improved output: The 46TS generates 23.4 MW/unit, meaning that fewer engines are needed to achieve large plant sizes. Greater flexibility: Rapid response to fluctuations with even faster ramp-up time (2 minutes) and no minimum up- or down-time requirements. Fast and cost-efficient installation: Fast and easy modular plant installation with high-quality, factory-tested modules bringing significant savings in total installed cost. To support the W46TS, Wartsila provides tailored high-quality services to maximise reliability and profitability. Wartsila Lifecycle services, with optimised operations and guaranteed performance, ensure the power plant's performance and competitiveness. A technical service network provides expertise and support near customer and via remote monitoring. The Wartsila 46ts engine will be available from 2025. Last month, Wartsila announced the first order for the 46TS engines placed by Kazakhstan Caspian Offshore Industries (KCOI). The engines will support KCOI's new 120 MW power plant and additionally, the first hybrid power project of its kind in Kazakhstan, which integrates the engine power plant with wind and solar power. Announcement • Dec 20
Wärtsilä Oyj Abp to Report Fiscal Year 2024 Final Results on Feb 19, 2025 Wärtsilä Oyj Abp announced that they will report fiscal year 2024 final results at 10:00 AM, USSR Zone1 on Feb 19, 2025 Announcement • Dec 18
Wärtsilä Oyj Abp, Annual General Meeting, Mar 13, 2025 Wärtsilä Oyj Abp, Annual General Meeting, Mar 13, 2025. Announcement • Aug 09
Wärtsilä Appoints Anu Sirkiä as Executive Vice President, Marketing and Communications and A Member of the Board of Management Wärtsilä has appointed Anu Sirkiä (49), MBA, as Executive Vice President, Marketing and Communications and a member of the Board of Management. Ms Sirkiä will start in her role latest by the end of November 2024. She will report to Wärtsilä's President & CEO Håkan Agnevall. Ms Sirkiä will succeed Ms Saara Tahvanainen, who has already started working for another company. Ms Sirkiä has extensive experience in the field of communications, branding and marketing. She joins Wärtsilä from Amer Sports, where she holds the position of Senior Vice President, Communications and is a member of the Executive Board. Prior to Amer Sports, Ms Sirkiä led global internal communications at KONE and held several leadership positions at Aalto University Executive Education. Announcement • Jul 20
Wärtsilä Oyj Abp Announces Executive Changes Wärtsilä Oyj Abp announced the appointment of Nora Steiner-Forsberg(50), LLM, Master of European Law (College of Europe) as Executive Vice President, Legal and Compliance and A Member of the Wärtsilä Board of Management. Kari Hietanen will continue as a member of the Board of Management as Executive Vice President, Public Affairs and Sustainability. Ms Steiner-Forsberg joins Wärtsilä from Fortum, where she currently holds the position of Executive Vice President, Legal. She is a member of the Fortum Leadership Team and General Counsel of the company. Prior to Fortum, Ms Steiner-Forsberg worked at leading law firms in Helsinki and Brussels. Ms Steiner-Forsberg has wide experience in international business, and she is an experienced leader of legal and compliance professionals. Ms Steiner-Forsberg will start in her role latest on April 1, 2025. As Wärtsilä is shaping the decarbonisation of the marine and energy industries, public affairs and sustainability continue to grow in strategic significance for the company. To further strengthen the focus in these areas, Kari Hietanen, who is currently serving as Executive Vice President, Corporate Relations and Legal Affairs, will assume the role as Executive Vice President, Public Affairs and Sustainability and continue as a member of the Board of Management. Announcement • Jun 13
Wärtsilä Oyj Abp Announces Composition of Shareholders Nomination Board Wärtsilä Oyj Abp announced Composition of Wärtsilä’s Shareholders’ Nomination Board . Following members were appointed to shareholders Nomination Board: Petra Hedengran, General Counsel, Head of Corporate Governance, Investor AB, appointed by Invaw Invest AB,Markus Aho, Chief Investment Officer, Varma Mutual Pension Insurance Company, Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company, Carl Pettersson, CEO, Elo Mutual Pension Insurance Company, Tom Johnstone, Chairman of the Board of Directors of Wärtsilä . The Shareholders’ Nomination Board prepares and presents to the General Meeting proposals relating to the composition and remuneration of the Board of Directors. In addition, the Nomination Board reviews and adjusts the diversity principles of the Board of Directors, as necessary, and does successor planning of the directors. Announcement • Mar 07
Wärtsilä Oyj Abp Approves Dividend for the Financial Year 2023, First Instalment Payable on 18 March 2024 and Second Instalment Payable on 18 September 2024 Wärtsilä Oyj Abp at its AGM held on March 7, 2024 approved dividend of EUR 0.32 per share. The dividend shall be paid in two instalments. The first instalment of EUR 0.16 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record day of 11 March 2024. The payment day for this instalment is 18 March 2024. The second instalment of EUR 0.16 per share shall be paid in September 2024. The dividend record date of the second instalment shall be 11 September 2024 and the second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on such day. The second instalment shall be paid on 18 September 2024. Announcement • Jan 31
Wärtsilä Oyj Abp Proposes Dividend for the Year 2023, Payable on 18 March 2024 and 18 September 2024 Respectively Wärtsilä Oyj Abp at the AGM to be held on 7 March 2024, the shareholders proposed dividend of EUR 0.32 per share shall be paid for the financial year 2023. The dividend shall be paid in two instalments. The first instalment of EUR 0.16 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record day of 11 March 2024. The payment day proposed by the Board for this instalment is 18 March 2024. The second instalment of EUR 0.16 per share shall be paid in September 2024. The dividend record date of the second instalment shall be 11 September 2024 and the second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on such day. The Board proposes the second instalment is paid on 18 September 2024. Announcement • Jan 15
Wärtsilä Oyj Abp Announces Saara Tahvanainen to Leave as Executive Vice President of Marketing and Communications Saara Tahvanainen, Executive Vice President, Marketing and Communications, and a member of the Wärtsilä Board of Management has decided to leave Wärtsilä to accept a position at UPM-Kymmene Corporation. She will start at her new position latest 15 July, 2024. Wärtsilä will begin the search for her successor immediately. Announcement • Dec 08
Wärtsilä Oyj Abp to Report Fiscal Year 2023 Results on Jan 31, 2024 Wärtsilä Oyj Abp announced that they will report fiscal year 2023 results on Jan 31, 2024 Announcement • Jun 09
Composition of Wärtsilä Corporation's Shareholders' Nomination Board The following members have been appointed to Wärtsilä Corporation’s Shareholders’ Nomination Board: Petra Hedengran, General Counsel, Head of Corporate Governance, Investor AB, appointed by Invaw Invest AB. Markus Aho, Chief Investment Officer, Varma Mutual Pension Insurance Company. Mikko Mursula, Deputy CEO, Investments, Ilmarinen Mutual Pension Insurance Company. Carl Pettersson, CEO, Elo Mutual Pension Insurance Company. Tom Johnstone, Chairman of the Board of Directors of Wärtsilä. Announcement • May 05
Wärtsilä Appoints Anders Lindberg as President, Energy, Executive Vice President and A Member of the Wärtsilä Board of Management Wärtsilä has appointed Anders Lindberg (57), M.Sc. in Electrical Engineering, MBA, as President, Energy, Executive Vice President, and member of Board of Management. Mr. Lindberg will commence in his role on June 1, 2023 and he will report to Wärtsilä’s President & CEO Håkan Agnevall. Mr. Lindberg will succeed Sushil Purohit, who left Wärtsilä in November as he assumed a key position outside Wärtsilä. Mr. Lindberg has extensive experience in leading international project businesses in the energy and rail industries. He joins Wärtsilä from Dellner Couplers AB, where he has been President & CEO. Prior to that Mr. Lindberg was the Executive President EPC and QHSE in Ørsted and also held several international managerial positions in Bombardier Transportation, gaining valuable experience in project sales, project management, production, research and development as well as life cycle services. Announcement • Feb 07
Wärtsilä Oyj Abp Announces Board Changes Wärtsilä Oyj Abp has appointed Saara Tahvanainen (48), M.S.S., as Executive Vice President, Marketing and Communications and member of Board of Management. Ms. Tahvanainen will commence in her role latest by the end of June 2023 and she will report to Wärtsilä's President & CEO Håkan Agnevall. Ms Tahvanainen will succeed Mr. Atte Palomäki, who will leave Wärtsilä with immediate effect. Ms. Tahvanainen has extensive experience in the field of communication, branding, and marketing. She joins Wärtsilä from UPM, where she holds the position of Vice President for stakeholder relations, communications, marketing. Prior to UPM, Ms. Tahvanainen has lead the communications and marketing function in Outokumpu and communication teams in several companies, including Nokia. Announcement • Jan 31
Wärtsilä Oyj Abp Proposes Dividend for the Financial Year 2022, First Instalment Payable on 20 March 2023 and Second Instalment Payable on 20 September 2023 The Board of Directors of Wärtsilä Oyj Abp proposes to the general meeting that a dividend of EUR 0.26 per share shall be paid for the financial year 2022. The dividend shall be paid in two instalments. The first instalment of EUR 0.13 per share shall be paid to the shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on the dividend record day of 13 March 2023. The payment day proposed by the Board for this instalment is 20 March 2023.- The second instalment of EUR 0.13 per share shall be paid in September 2023. The dividend record date of the second instalment shall be 13 September 2023 and the second instalment of the dividend shall be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Oy on such day. The Board proposes the second instalment is paid on 20 September 2023. Announcement • Nov 25
Wärtsilä Oyj Abp to Report First Half, 2023 Results on Jul 21, 2023 Wärtsilä Oyj Abp announced that they will report first half, 2023 results on Jul 21, 2023 Announcement • Feb 10
Wärtsilä Oyj Abp to Report Fiscal Year 2022 Results on Jan 31, 2023 Wärtsilä Oyj Abp announced that they will report fiscal year 2022 results on Jan 31, 2023 Announcement • Jan 16
AGL Energy Limited Selects Wärtsilä as One of the Two Suppliers for Their Up to 1,000 Mw Grid-Scale Energy Storage Plans AGL Energy Limited has selected Wärtsilä as one of the two suppliers for their up to 1,000 MW grid-scale energy storage plans. Wärtsilä has signed a non-exclusive five-year Large Scale Storage System Frame Agreement to supply energy storage projects in partnership with AGL. This agreement will reduce tender timeframes for individual projects, enabling faster project schedules and commercial operation. In addition to its energy storage and energy management systems, Wärtsilä’s full engineering, procurement and construction (EPC) capabilities were among the reasons for AGL to choose Wärtsilä as an energy storage technology partner. In 2020, AGL announced plans to develop energy storage installations near the Loy Yang A power station in Victoria (200 MW), Liddell power station (150 MW) and Broken Hill (50 MW) in New South Wales and Torrens Island (250 MW) in South Australia. The grid-scale energy storage plans will play a key role in Australian energy industry’s transition from traditional fossil fuels towards cleaner energy. In 2018, AGL and the company signed an EPC contract for the Barker Inlet Power Station (BIPS), a new power plant located on Torrens Island near Adelaide. The main role of BIPS is to ensure reliability in the renewable-heavy South Australian power system by providing balancing capacity to manage the variability from renewables. In addition to flexible engine power plants, such as BIPS, energy storage will play a key role in balancing renewables. Storage can take care of short duration balancing, whilst the flexible engine power plants can balance renewables for a longer duration. Announcement • Jan 12
Wärtsilä Fleet Operations Solution to Optimise Performance of Ultraship’s Entire Fleet Wärtsilä Corporation announced that Wärtsilä Fleet Operations Solution (FOS) by Wärtsilä Voyage is to be employed by Denmark-based UltraShip for its entire fleet of 18 LPG tanker vessels. The solution saves costs while increasing safety by automatically optimising the route and speed of the vessel. It also provides the fullest and latest voyage data, keeping both onboard and onshore personnel informed and notified. The contract was signed in fourth quarter 2020 and roll-out will take place during the first and second quarter of 2021. As part of the contract, Wärtsilä Voyage will upgrade the ships’ onboard electronic chart display and information systems (ECDIS) to support the FOS. The upgrade includes charts delivery service and weather route optimisation software. Announcement • Dec 20
Wärtsilä Gas Conversion Will Add Capacity to A Brazilian Power Plant Owned by GERA Amazonas Wärtsilä awarded the contract to convert the UTE Ponta Negra power plant, located in the Brazilian city of Manaus, to operate on natural gas instead of diesel fuel. The conversion will upgrade the plant’s performance, reduce its environmental impact, lower the operating costs, and ensure its availability and performance reliability. The contract with GERA Amazonas, an independent energy producer controlled by FIP Vulcan, a fund managed by BTG Pactual's Asset, was booked by Wärtsilä in September 2020. The plant currently operates on five Wärtsilä 46GD gas-diesel engines, which will be converted to Wärtsilä 50SG engines powered by natural gas, allowing an increase in power generation capacity from the current 85 to 91 MW. The conversion will enable the engines to be reset to zero hours of operation. The use of 100% natural gas fuel will result in a reduction of 35,000 Metric Tons of Carbon Dioxide Equivalent (MTCDE) per year, equivalent to the pollution from some 7600 cars. In addition, particulate matter emissions will also be significantly reduced. The conversion is scheduled to commence in May 2021 and be completed in spring 2022. Aeun existing Wärtsilä operation & maintenance agreement was also updated to correspond with the scope and responsibilities applying to the new engine technology. The plant, which was opened in 2006, has been operated and maintained by Wärtsilä for the past 12 years. The updated agreement covers the management team, the operations team, a dedicated on-site maintenance team, as well as on-site security and training services. To ensure the plant’s availability and performance reliability, remote support will be delivered from Wärtsilä’s Expertise Centre in Manaus with an Optimised Maintenance Plan and technical guidance. Announcement • Dec 18
Wärtsilä and Lihir Gold Sign 10-Year Service Agreement for A 170 Mw Power Plant with Shared Business Case Incentives Wärtsilä has signed a 10-year tailored guaranteed asset performance agreement covering power plant maintenance and operations advisory services for a mine with Lihir Gold Ltd. The mine is located on Lihir Island in Papua New Guinea. The agreement has shared business case incentives, based on key performance indicators (KPI), which reduce operational cost and enhance power availability, supporting the mine’s production targets. The 10-year agreement, worth over EUR 150 million, was signed in October and it is targeted to take effect from the end of First Quarter 2021. The expected revenues for 24 months, approximately EUR 20 million, has been included in Wärtsilä’s order book in Fourth Quarter 2020. The 170 MW power plant provides a critical electricity supply to run the operations of the mine. It has 22 Wärtsilä engines, of which the last one was commissioned in 2013. The incentivised KPIs will lead to an increase in revenue and a reduction in operational cost. The partnership enables Lihir Gold to focus on gold production while Wärtsilä takes care of optimising the power plant performance. The agreement will also provide the customer with maintenance and parts cost predictability, including a reduction in working capital. The agreement includes full technical support, real-time monitoring of the equipment from Wärtsilä’s Expertise Centres, condition-based maintenance and asset diagnostic reporting, operational advisory support, as well as all planned and unplanned maintenance of the generator sets and auxiliaries. The agreement KPIs with shared incentives are based on fuel and oil consumption and power availability. The KPIs can be adjusted by mutual agreement during the agreement period, should the market change. The total installed base of Wärtsilä’s power generating equipment in a number of projects in Papua New Guinea is 381 MW, of which 170 MW has been supplying power to Lihir Gold Ltd. Announcement • Dec 16
Wärtsilä Hybrid Upgrades Will Give Two Østensjø Rederi Vessels Attractive Environmental Profile The Wärtsilä Hybrid Upgrade solution, has been selected for retrofitting two offshore construction vessels owned by Norwegian operator Østensjø Rederi. The upgrading project will allow less use of the ships’ engines with correspondingly lower levels of exhaust emissions while operating in dynamic positioning (DP) mode, and will also lower emission levels in all other operational modes. The order with the technology group Wärtsilä was placed in the third quarter of 2020. The two ships, the ‘Edda Fauna’ and ‘Edda Flora’, were built in 2008. The customer opted for the Wärtsilä Hybrid Upgrade solution in order to give the ships a more attractive environmental profile for potential charterers. The Wärtsilä Hybrid Upgrade solution will include the company’s new electronic DC bus-link, which allows a vessel to operate in DP 2 and 3 modes with a closed DC bus in hybrid, and an open bus on the AC system. The reduced running of the engines saves fuel and lessens the carbon footprint, while engine maintenance requirements are also alleviated. Delivery of the Wärtsilä equipment to both vessels is planned for January 2021. Funding from Enova, the Norwegian government enterprise that promotes the environmentally friendly production and consumption of energy, has been an important contribution to this project. By combining its competences in marine electrical, automation and engine technology, Wärtsilä has brought together multiple functions and systems to deliver a single integrated hybrid power module that combines engines, an energy storage system, and power electronics optimised by a unique and highly sophisticated, energy management system (EMS). The EMS functions as the ‘brain’ in the Wärtsilä Hybrid System optimising the energy flows between the different power sources, storage and consumers to achieve the high efficiency possible. Announcement • Dec 05
Wärtsilä Corporation Optimises Maintenance Agreement Ensuring Certainty of Operations for Two VLGCs Wärtsilä Corporation has signed 5-year Optimised Maintenance Agreements covering the main engines for two Very Large Gas Carrier (VLGC) vessels operated by Latsco Marine Management (LMM). The contract, which became effective from September, was signed in August 2020. The two vessels, the Hellas Dynasty and the Hellas Voyager, were built in 2020 at the Hyundai Heavy Industries (HHI) yard in South Korea. Optimised maintenance agreements are a key element within Wärtsilä’s Lifecycle Solutions offering and are designed to ensure certainty of operations with budgeted maintenance costs. Under the terms of the agreement, Wärtsilä will provide remote support and condition monitoring systems, including Expert Insight, a unique digital offering that has recently been extended from 4-stroke engines to include also 2-stroke engines. Expert Insight enables support to be delivered proactively to customers by Wärtsilä Expertise Centres around the world, thereby ensuring long-term accurate insight for predictive maintenance. The service can reduce unplanned maintenance by up to 50%, while also reducing fuel consumption and emissions by 3% to 4%. Wärtsilä will also provide a broad range of services for the vessels’ engines includes 24/7 remote technical support and annual audits, as well as the planning and delivery of spare part required for the overhauls. Wärtsilä currently has more than 700 vessels covered under maintenance agreements. Announcement • Oct 02
An affiliate of Evergreen Capital, L.P. acquired Wartsila Valves Ltd. from Wärtsilä Oyj Abp (HLSE:WRT1V). An affiliate of Evergreen Capital, L.P. acquired Wartsila Valves Ltd. from Wärtsilä Oyj Abp (HLSE:WRT1V) on October 1, 2020. The name of Wartsila Valves Ltd. will be changed to Shipham Valves Ltd. For the year ended on December 31, 2020, Wartsila Valves had revenue of €15 million. Wärtsilä Valves and its staff were added to the Evergreen family of businesses.
An affiliate of Evergreen Capital L.P. completed the acquisition of Wartsila Valves Ltd. from Wärtsilä Oyj Abp (HLSE:WRT1V) on October 1, 2020. Announcement • Sep 30
Hestia Travel Oy and the management of Vuotekno Oy acquired Vuotekno Oy from Wartsila Corp. (HLSE:WRTBV), Metso Corp. (HLSE:MEO1V), Ilmarinen Pension Insurance Co. Ltd., Nordea Investment Management Suomi Oy, the Finnish State, City of Helsinki and City of Loviisa. Hestia Travel Oy and the management of Vuotekno Oy acquired Vuotekno Oy from Wartsila Corp. (HLSE:WRTBV), Metso Corp. (HLSE:MEO1V), Ilmarinen Pension Insurance Co. Ltd., Nordea Investment Management Suomi Oy, the Finnish State, City of Helsinki and City of Loviisa on December 20, 2007. ProMan acted as financial advisor to the sellers.
Hestia Travel Oy and the management of Vuotekno Oy completed the acquisition of Vuotekno Oy from Wartsila Corp. (HLSE:WRTBV), Metso Corp. (HLSE:MEO1V), Ilmarinen Pension Insurance Co. Ltd., Nordea Investment Management Suomi Oy, the Finnish State, City of Helsinki and City of Loviisa on December 20, 2007.