Investments
4Portfolio Exits
6Partners & Customers
10About Wartsila
Wartsila (HEL: WRT1V) is a company that provides technologies and complete lifecycle solutions for the marine and energy markets. It offers decarbonization, future-fuel-enabled balancing power plants, analytics, monitoring, ballast water management, waste treatment, energy storage, management, and optimization technology services. The company was founded in 1834 and is based in Helsinki, Finland.

Want to inform investors similar to Wartsila about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
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
Sep 29, 2023
Wärtsilä Corporation Fri, Sep 29, 2023 10:00 CET Wärtsilä Corporation, flagging notification, 29 September 2023 at 11:00 EEST Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation BlackRock, Inc. has informed Wärtsilä Corporation that it has crossed above the 5% disclosure limit on total holding in shares and voting rights on 27 September 2023. Following the transaction, BlackRock, Inc. owns 5.07% of Wärtsilä’s shares and voting rights, while its total holding in Wärtsilä Corporation corresponds to 5.16%. Total position of BlackRock, Inc. and its funds subject to the notification: % of shares and voting rights % of shares and voting rights through financial instruments Total of both in %
Wartsila Investments
4 Investments
Wartsila has made 4 investments. Their latest investment was in Marindows as part of their Seed - IV on August 8, 2022.

Wartsila Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/26/2022 | Seed - IV | Marindows | $4.36M | Yes | Asahi Tanker, FURUNO, IHI Shibaura Machinery, Imoto Lines, Kashiwa Tech, Mitsubishi Shipbuilding, Mitsui O.S.K. Lines, SoftBank, Sumitomo Mitsui Finance and Leasing, Sumitomo Mitsui Trust Panasonic Finance, Tokyo Kisen, Tsurumi Sunmarine, Ueno Group, Undisclosed Investors, Wartsila, and World Marine | 1 |
3/3/2021 | Seed - II | |||||
4/15/2019 | Seed | |||||
9/3/2018 | Corporate Minority |
Date | 8/26/2022 | 3/3/2021 | 4/15/2019 | 9/3/2018 |
---|---|---|---|---|
Round | Seed - IV | Seed - II | Seed | Corporate Minority |
Company | Marindows | |||
Amount | $4.36M | |||
New? | Yes | |||
Co-Investors | Asahi Tanker, FURUNO, IHI Shibaura Machinery, Imoto Lines, Kashiwa Tech, Mitsubishi Shipbuilding, Mitsui O.S.K. Lines, SoftBank, Sumitomo Mitsui Finance and Leasing, Sumitomo Mitsui Trust Panasonic Finance, Tokyo Kisen, Tsurumi Sunmarine, Ueno Group, Undisclosed Investors, Wartsila, and World Marine | |||
Sources | 1 |
Wartsila Portfolio Exits
6 Portfolio Exits
Wartsila has 6 portfolio exits. Their latest portfolio exit was American Hydro on December 28, 2022.
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 |
---|---|---|---|---|---|
12/28/2022 | Divestiture | 1 | |||
Date | 12/28/2022 | ||||
---|---|---|---|---|---|
Exit | Divestiture | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
Wartsila Acquisitions
7 Acquisitions
Wartsila acquired 7 companies. Their latest acquisition was PortLink on June 15, 2022.
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 |
---|---|---|---|---|---|---|
6/15/2022 | Acquired | 1 | ||||
3/19/2018 | ||||||
12/21/2017 | ||||||
10/4/2017 | ||||||
5/15/2017 | Series C |
Date | 6/15/2022 | 3/19/2018 | 12/21/2017 | 10/4/2017 | 5/15/2017 |
---|---|---|---|---|---|
Investment Stage | Series C | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 1 |
Wartsila Partners & Customers
10 Partners and customers
Wartsila has 10 strategic partners and customers. Wartsila recently partnered with EVE on September 9, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
9/12/2023 | Vendor | China | Wärtsilä signs large multi-year supply agreement with EVE Energy `` Our partnership with EVE Energy is one of several strategic measures Wärtsilä Corporation is taking to diversify and strengthen our supply chain in response to industry-wide disruptions over the last few years , '' said Andrew Tang , Vice President of Energy Storage & Optimisation at Wärtsilä Corporation . | 2 | |
9/7/2023 | Vendor | Hong Kong | Technology group Wärtsilä Corporation has signed a Technical Management Agreement with China LNG Shipping Company Ltd. . | 2 | |
8/24/2023 | Client | Australia | Incat Tasmania selects Wärtsilä solutions for world’s first zero emissions, lightweight Ro-Pax ferry Incat selects Wärtsilä Corporation solutions for world 's first zero emissions , lightweight Ro-Pax ferry | 1 | |
8/24/2023 | Vendor | ||||
7/5/2023 | Client |
Date | 9/12/2023 | 9/7/2023 | 8/24/2023 | 8/24/2023 | 7/5/2023 |
---|---|---|---|---|---|
Type | Vendor | Vendor | Client | Vendor | Client |
Business Partner | |||||
Country | China | Hong Kong | Australia | ||
News Snippet | Wärtsilä signs large multi-year supply agreement with EVE Energy `` Our partnership with EVE Energy is one of several strategic measures Wärtsilä Corporation is taking to diversify and strengthen our supply chain in response to industry-wide disruptions over the last few years , '' said Andrew Tang , Vice President of Energy Storage & Optimisation at Wärtsilä Corporation . | Technology group Wärtsilä Corporation has signed a Technical Management Agreement with China LNG Shipping Company Ltd. . | Incat Tasmania selects Wärtsilä solutions for world’s first zero emissions, lightweight Ro-Pax ferry Incat selects Wärtsilä Corporation solutions for world 's first zero emissions , lightweight Ro-Pax ferry | ||
Sources | 2 | 2 | 1 |
Wartsila Team
14 Team Members
Wartsila has 14 team members, including former Chief Executive Officer, Timo Koponen.
Name | Work History | Title | Status |
---|---|---|---|
Timo Koponen | Chief Executive Officer | Former | |
Name | Timo Koponen | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Former |
Compare Wartsila to Competitors

Awake.AI provides a digital platform to connect ship operators, ports, and cargo owners. The platform offers predictions using artificial intelligence (AI) algorithms, reporting of cargo operations, a port resource and task manager, a berth planner, maps, and aboard messaging. It was founded in 2018 and is based in Turku, Finland.
PortXChange offers a shared platform for information exchanges that relate to port calls. Customers are able to save time and CO2 emissions every port call through using its apps. Its goal is to help customers reduce their global carbon footprint, enabling in port efficiency by developing & rolling out a platform for collaborative planning between all parties involved in a port call

Sinay provides environmental software for the marine industry. It offers maritime analytics, maritime surveys, meta-ocean analytics, environmental modules, vessel tracking modules, dashboards, application programming interfaces (APIs), and more. It helps maritime-based companies monitor their environmental impact. It primarily caters to marine contractors, shipping companies, smart ports, and more. The company was founded in 2008 and is based in Caen, France.
EyeGauge offers a fleet digitalization solution for ship owners, operators, and managers. The company is focused on simplifying data processing by digitizing equipment and machines in the shipping industry. The company's EyeGauge solution is based on artificial intelligence (AI), a camera that can read the indicators and data and send their video feeds back to a dashboard. The company was founded in 2020 and is based in Paris, France.
Alpha Ori Technologies (AOT) is a maritime digital solutions provider.
ShipIn provides a visual fleet management platform. It enables ship-to-shore collaboration for maritime fleets. The platform features artificial intelligence (AI) cameras and visual analytics that alert shipowners, managers, and seafarers to onboard anomalies. The company was founded in 2018 and is based in Newton, Massachusetts.