Wärtsilä has signed an agreement to acquire fellow Finnish innovators Eniram Oy, a move that will enable the power and propulsion giant to grow and strengthen its digital offerings, energy management and analytics for modelling and performance optimisation.
The acquisition will also enable Wärtsilä to offer its customers more in terms of marine digitalisation solutions for optimising trim, speed and engine performance and to give comprehensive fleet analyses. The digital expertise that Eniram has will work to benefit Wärtsilä’s strategy to grow organically and make acquisitions, build strategic partnerships and strengthen its digital expertise.
Currently, Eniram’s solutions are installed in over 270 vessels. It is headquartered in Helsinki, Finland with subsidiaries in the UK, the USA, Germany and Singapore and in 2015 Eniram’s turnover exceeded EUR 10 million.
Jaakko Eskola, President and CEO, Wärtsilä Corporation, commented: “We will build strategic partnerships, innovate with start-up companies and continuously recruit new people to strengthen our digital expertise. Digitalisation offers significant growth potential for our customers and for Wärtsila”.
Pierpaolo Barbone, President, Wärtsilä Services, added: “Eniram has world-class analytics capabilities, and by joining forces we can provide our customers an unbeatable offering on both the vessel and fleet level. Eniram’s offering and solutions truly complement the recently launched Wärtsilä Genius services portfolio. Together we will enable our customers to optimise their assets and improve predictability, as well as support them with real-time analytics.”
Henrik Dahl, CEO and Co-founder of Eniram, stated: “With the accelerating trend of digitalisation and connectivity, there is an enormous amount of innovation happening across the maritime industry. Wärtsilä’s leading market position coupled with Eniram’s cutting-edge technology forms an unbeatable combination in the marine digitalisation space. With Wärtsilä’s capabilities and resources, we can offer even more customer value.”
Eniram will initially continue as an independent business entity supported by Wärtsilä. The transaction is valued at EUR 43 million (enterprise value). Ownership of the company will be transferred to Wärtsilä with effect from July 1, 2016.
Ship Efficiency Review News
To contact the reporter responsible for this article, please email editor@fathom-mi.com
