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Corporation
ENERGY & UTILITIES
wartsila.com

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Investments

3

Portfolio Exits

5

Partners & Customers

10

About Wartsila

Wartsila specializes in advanced technologies and complete lifecycle solutions for the marine and energy markets. Wartsila emphasizes sustainable innovation and total efficiency in order to maximize the environmental and economic performance of the vessels and power plants of customers.

Wartsila Headquarter Location

Hiililaiturinkuja 2

Helsinki, 00180,

Finland

+358-10-709-0000

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Wartsila Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Wartsila Rank

Research containing Wartsila

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Wartsila in 1 CB Insights research brief, most recently on Sep 20, 2021.

Latest Wartsila News

Wartsila wins Egyptian power plant contract

May 5, 2022

and now with the details Jeddah - Yasmine El Tohamy - The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fueled by high energy prices, Russia’s war in Ukraine and lingering concerns about COVID-19. The central bank’s Monetary Policy Committee voted 6-3 to raise interest rates for a fourth consecutive meeting, lifting the rate that the Bank of England pays other banks by a quarter-percentage point, to 1 percent. Those in the minority wanted to raise it even higher, to 1.25 percent. The decision comes a day after the US Federal Reserve stepped up its attack on inflation, approving the biggest rate increase in more than two decades and signaling that more are on the way. The Fed increased its key short-term rate by a half-percentage point, to a range of 0.75 percent to 1 percent. Other central banks around the world, from Sweden to Australia, also have started taking similar action. Soaring consumer prices in the UK are fueling a cost-of-living crisis marked by rocketing energy bills and surging food and transport prices. The Bank of England is struggling to show it is serious about reining in inflation without moving so aggressively that it undermines consumer confidence. “The Bank of England has a difficult job ahead of it — inflationary pressures from external factors are getting higher and higher,” Dmitri Theodosiu, head of foreign exchange and interest rates trading at Investec, said in a note to investors. “And with the cries of ‘higher, higher’ ringing in the ears comes the knowledge that too much intervention could see a damaging fall to the economy.” Britain’s inflation rate rose to a 30-year high of 7 percent in March, more than triple the central bank’s target of 2 percent. Economists expect inflation to reach 9 percent or more later this year. These were the details of the news Wartsila wins Egyptian power plant contract for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new. It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

Wartsila Investments

3 Investments

Wartsila has made 3 investments. Their latest investment was in Soletair as part of their Seed - II on March 3, 2021.

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Wartsila Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/3/2021

Seed - II

Soletair

$1.19M

No

2

4/15/2019

Seed

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$99M

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10

9/3/2018

Corporate Minority

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10

Date

3/3/2021

4/15/2019

9/3/2018

Round

Seed - II

Seed

Corporate Minority

Company

Soletair

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Amount

$1.19M

$99M

New?

No

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Co-Investors

Sources

2

10

10

Wartsila Portfolio Exits

5 Portfolio Exits

Wartsila has 5 portfolio exits. Their latest portfolio exit was Wartsila - Tank Control Systems on September 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/17/2021

Divestiture

2

4/30/2021

Divestiture

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10

10/6/2020

Divestiture

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10

12/12/2019

Divestiture

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$99M

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10

11/1/2018

Divestiture

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10

Date

9/17/2021

4/30/2021

10/6/2020

12/12/2019

11/1/2018

Exit

Divestiture

Divestiture

Divestiture

Divestiture

Divestiture

Companies

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Valuation

$99M

Acquirer

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Sources

2

10

10

10

10

Wartsila Acquisitions

5 Acquisitions

Wartsila acquired 5 companies. Their latest acquisition was Transas on March 19, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/19/2018

$99M

Acquired

1

12/21/2017

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$99M

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10

10/4/2017

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$99M

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10

5/15/2017

Series C

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$99M

$99M

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10

7/1/2016

Series B

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$99M

$99M

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10

Date

3/19/2018

12/21/2017

10/4/2017

5/15/2017

7/1/2016

Investment Stage

Series C

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

1

10

10

10

10

Wartsila Partners & Customers

10 Partners and customers

Wartsila has 10 strategic partners and customers. Wartsila recently partnered with Maritime and Port Authority of Singapore on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/5/2022

Partner

Singapore

Wärtsilä Oyj : Singapore taking the lead in shipping's green technology transformation

Considering our long-term partnership with Maritime Port Authority of Singapore to co-develop next-generation safer and greener smart port solutions , Wärtsilä sat down with Kenneth Lim , Assistant Chief Executive , at Maritime Port Authority of Singapore to discuss their strategies and actions that have led to Singapore 's success so far , as well as their plans for the future .

1

2/23/2022

Partner

Norway

Aiming for industry’s greenest fleet of vessels, Solstad goes on decarbonisation quest with Wärtsilä

Wärtsilä and Solstad Offshore will collaborate to identify opportunities to decarbonise the operators ' fleet ; Source : Wärtsilä

1

2/22/2022

Partner

Norway

Wärtsilä and Solstad Offshore collaborate on fleet decarbonisation ambitions - Solstad Offshore ASA

In its efforts to reduce the carbon footprint of its 90 vessel fleet , Solstad Offshore ASA has turned to the technology company Wärtsilä for collaboration .

1

11/29/2021

Client

Mexico

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10

10/14/2021

Partner

France

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10

Date

4/5/2022

2/23/2022

2/22/2022

11/29/2021

10/14/2021

Type

Partner

Partner

Partner

Client

Partner

Business Partner

Country

Singapore

Norway

Norway

Mexico

France

News Snippet

Wärtsilä Oyj : Singapore taking the lead in shipping's green technology transformation

Considering our long-term partnership with Maritime Port Authority of Singapore to co-develop next-generation safer and greener smart port solutions , Wärtsilä sat down with Kenneth Lim , Assistant Chief Executive , at Maritime Port Authority of Singapore to discuss their strategies and actions that have led to Singapore 's success so far , as well as their plans for the future .

Aiming for industry’s greenest fleet of vessels, Solstad goes on decarbonisation quest with Wärtsilä

Wärtsilä and Solstad Offshore will collaborate to identify opportunities to decarbonise the operators ' fleet ; Source : Wärtsilä

Wärtsilä and Solstad Offshore collaborate on fleet decarbonisation ambitions - Solstad Offshore ASA

In its efforts to reduce the carbon footprint of its 90 vessel fleet , Solstad Offshore ASA has turned to the technology company Wärtsilä for collaboration .

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Sources

1

1

1

10

10

Wartsila Team

9 Team Members

Wartsila has 9 team members, including former Chief Executive Officer, Timo Koponen.

Name

Work History

Title

Status

Timo Koponen

Chief Executive Officer

Former

Javier Cavada Camino

President

Former

Hans G Ehrnrooth

President

Former

Tom Eriksson

Chief Financial Officer

Former

Kari Tuomala

Chief Security Officer

Former

Name

Timo Koponen

Javier Cavada Camino

Hans G Ehrnrooth

Tom Eriksson

Kari Tuomala

Work History

Title

Chief Executive Officer

President

President

Chief Financial Officer

Chief Security Officer

Status

Former

Former

Former

Former

Former

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