Investments
3Portfolio Exits
5Partners & Customers
10About 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
Wartsila Web Traffic
Wartsila Rank
Research containing Wartsila
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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
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.
Wartsila Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/3/2021 | Seed - II | Soletair | $1.19M | No | 2 | |
4/15/2019 | Seed | |||||
9/3/2018 | Corporate Minority |
Date | 3/3/2021 | 4/15/2019 | 9/3/2018 |
---|---|---|---|
Round | Seed - II | Seed | Corporate Minority |
Company | Soletair | ||
Amount | $1.19M | ||
New? | No | ||
Co-Investors | |||
Sources | 2 |
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 | |||
Date | 9/17/2021 | ||||
---|---|---|---|---|---|
Exit | Divestiture | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
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 | Acquired | 1 | ||||
12/21/2017 | ||||||
10/4/2017 | ||||||
5/15/2017 | Series C | |||||
7/1/2016 | Series B |
Date | 3/19/2018 | 12/21/2017 | 10/4/2017 | 5/15/2017 | 7/1/2016 |
---|---|---|---|---|---|
Investment Stage | Series C | Series B | |||
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 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 | ||||
10/14/2021 | Partner |
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 | ||
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 . | ||
Sources | 1 | 1 | 1 |
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 | Tekla, Lifechart.com, and Nokia | President | Former |
Tom Eriksson | Aeris Capital, Schroder Adveq, Commerzbank, and Hypo Tirol | 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 | Tekla, Lifechart.com, and Nokia | Aeris Capital, Schroder Adveq, Commerzbank, and Hypo Tirol | |||
Title | Chief Executive Officer | President | President | Chief Financial Officer | Chief Security Officer |
Status | Former | Former | Former | Former | Former |
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