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Corporation
ENERGY & UTILITIES | Energy Storage
wartsila.com

Investments

4

Portfolio Exits

6

Partners & Customers

10

About 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.

Headquarters Location

Hiililaiturinkuja 2

Helsinki, 00180,

Finland

+358-10-709-0000

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

Latest Wartsila News

Notification in accordance with the Finnish Securities Market Act Chapter 9 § 5: BlackRock, Inc.’s holding in Wärtsilä Corporation

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.

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Wartsila Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2022

Seed - IV

Marindows

$4.36M

Yes

1

3/3/2021

Seed - II

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$99M

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10

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

8/26/2022

3/3/2021

4/15/2019

9/3/2018

Round

Seed - IV

Seed - II

Seed

Corporate Minority

Company

Marindows

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Amount

$4.36M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

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

$99M

1

9/17/2021

Divestiture

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$99M

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10

4/30/2021

Divestiture

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$99M

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10

10/6/2020

Divestiture

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$99M

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10

12/12/2019

Divestiture

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$99M

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10

Date

12/28/2022

9/17/2021

4/30/2021

10/6/2020

12/12/2019

Exit

Divestiture

Divestiture

Divestiture

Divestiture

Divestiture

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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

$99M

Acquired

1

3/19/2018

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$99M

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10

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

Date

6/15/2022

3/19/2018

12/21/2017

10/4/2017

5/15/2017

Investment Stage

Series C

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$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 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

Wärtsilä Oyj : Wärtsilä Technical Management Agreement provides maintenance flexibility for China LNG Shipping vessel

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

Norway

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10

7/5/2023

Client

Brazil

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10

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

Norway

Brazil

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 .

Wärtsilä Oyj : Wärtsilä Technical Management Agreement provides maintenance flexibility for China LNG Shipping vessel

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

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Sources

2

2

1

10

10

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

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Name

Timo Koponen

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Work History

Title

Chief Executive Officer

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Status

Former

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