Wärtsilä snaps up Transas

Mar 23 2018


Acquisitive technology group Wärtsilä is to purchase Transas for around €210 mill.

This move will speed Wärtsilä along its path towards its Smart Marine Ecosystem vision, the Finnish-based conglomerate said.

 

Established in 1990, Transas is a supplier of marine navigation solutions, including complete bridge systems, digital products and electronic charts. The company is also involved in professional training and simulation services, ship traffic control, as well as monitoring, and support.

 

In addition, Transas uses the latest in machine learning and AI to create a unified cloud-based platform for managing operations across the entire marine ecosystem.

 

Transas’ current annual net sales are around €140 mill. The company has 22 regional offices worldwide and a distribution network spanning 120 countries. It has a workforce of about 1,000 who will be integrated within Wärtsilä’s Marine Solutions business.

 

The large base of software engineers will play a key role in assisting Wärtsilä with the development of smart products and a digital platform, the group said.

 

Wärtsilä also said that this acquisition takes the company a significant step closer to achieving its mission of enabling sustainable societies with smart technologies. It will also speed delivery on the company’s promise to disrupt the industry by establishing an ecosystem that is digitally connected across the entire supply chain, through applications that are secure, smart and cloud-based.

 

The transaction is expected to close during the second quarter of this year.

 

“Combining Transas with Wärtsilä will bring the smart marine ecosystem many steps forward. We can now connect Wärtsilä’s product portfolio, the biggest in the marine industry, with ship traffic control, simulators, navigation solutions and fleet operation solutions from Transas.

 

“The combined package will further improve the way a vessel can sail in the most cost efficient and environmental friendly way for our customers,” said Roger Holm, Wärtsilä Marine Solutions, president.

 

“It is incredibly exciting to have this opportunity to join the Wärtsilä brand in delivering the future of maritime transport. We share a common vision; one of a safer, more efficient, and more environmentally friendly maritime industry.

 

“The Transas team has significant competences in technology, along with a globally recognised leadership position in navigation, simulation and traffic control systems. Adding these to the extensive, world leading Wärtsilä portfolio of services and products, provides an unparalleled opportunity for a new ecosystem for maritime operations,” said Transas CEO, Frank Coles.

 



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