Wärtsilä is to take over Transas, a global company headquartered in the UK. The move is to speed Wärtsilä along its path towards its Smart Marine Ecosystem vision.
Established in 1990, Transas delivers marine navigation solutions, including complete bridge systems, digital products and electronic charts, training and simulation services, ship traffic control, monitoring, and support. Transas uses machine learning and AI to create a unified cloud-based platform for managing operations across the entire marine ecosystem.Large
Base of Software Engineers
Transas’ current annual net sales are in the region of EUR 140 million. The company has 22 regional offices worldwide and a distribution network that spans 120 countries. It has a workforce of approximately 1000 employees 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 transaction is valued at EUR 210 million (enterprise value) and is expected to be closed during the second quarter of 2018.
Smart Marine Ecosystem
Through the acquisition, Wärtsilä hopes to deliver more smart technologies as well as to establish an ecosystem that is digitally connected across the entire supply chain, through applications that are secure, smart and cloud-based.
Wärtsilä’s Smart Marine Ecosystem is a vision whereby smart vessels connect with smart ports and beyond to deliver three fundamental industry benefits:
- maximising the use of resources and operational efficiency,
- minimising environmental impact and risk, and
- achieving the highest levels of safety and security.
Through data integration, greater connectivity and cloud-based technology, Wärtsilä aims to resolve inefficiencies in the shipping sector resulting from overcapacity, sub-optimal fuel consumption, and waiting times at ports and other high-traffic areas.
Picture: Connecting smart ships with smart ports will deliver fundamental benefits to the marine sector.
