Wärtsilä drops pumps and adds underwater services
Finnish technology group Wärtsilä has announced that it is shedding its pumps business and acquiring an underwater engineering business.
Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisation and became part of the company along with the acquisition of Hamworthy in 2012. It is being sold to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden but will continue to be a supplier to Wärtsilä.
Headquartered in Aalborg, Denmark, Wärtsilä Pumps designs, manufactures, and markets niche pumps. primarily deepwell and in-line pumps, to the marine and oil & gas industries. The company has had a market presence for more than 100 years, and its brands include Svanehøj, Hamworthy Pumps, Eureka and Dolphin. Its leading products are used in applications, such as cargo offloading, fuel gas handling, ballasting, engine cooling, fire protection and exhaust gas cleaning, where easy access and safe handling of the equipment is of extreme importance.
“Pumps will continue to be an integral part of Wärtsilä’s various gas and fuel gas system solutions. We foresee a strong future for this business with a dedicated new owner who will become an important supplier to Wärtsilä,” says Timo Koponen, Vice President, Processing Solutions, Wärtsilä.
Wärtsilä Pumps has legal assets in Denmark and Singapore, which together represent a significant share of its operations. Most of the business’s 230 employees are located in those countries. Additionally, there are some 20 people employed in Wärtsilä subsidiaries in seven countries, and in production facilities in China.
In a separate development, Wärtsilä has acquired Burriel Navarro a company operating in underwater services including engineering, hull cleaning and port construction in the main ports of Spain. The acquisition supports the growth of Wärtsilä’s underwater services and expands the company’s local presence in the European market. Burriel Navarro will be part of Trident, a Wärtsilä company. Burriel Navarro has 20 employees and its annual revenue is approximately EUR 1.3 million. The acquisition was signed and closed on 31 October 2018.
The acquisition of Burriel Navarro supports Wärtsilä in several areas – from developing its propulsion-related services and strengthening the competences on the underwater services market to supporting its purpose of enabling sustainable societies with smart technology. The acquisition complements the acquisition of Trident in early 2018, bringing opportunities to utilise Trident’s environmentally sound hull cleaning equipment on a wider geographical scale. With the acquisition Wärtsilä strengthens its underwater-related services for customers along major European shipping routes and cruise itineraries even better.