Wärtsilä completes its acquisition of Transas

With this acquisition, Wärtsilä said it takes a big step forward in achieving its mission of enabling sustainable societies with smart technology, it will also speed up delivery on the company’s promise to disrupt the industry by establishing a Smart Marine ecosystem.

“Combining Transas with Wärtsilä will bring the Smart Marine Ecosystem many steps forward. It is a very positive move for both parties, and we welcome the Transas team into our organisation,” said Roger Holm, president, Wärtsilä Marine Solutions.

Smart move

Wärtsilä begain the process of acquiring Transas back in March http://www.motorship.com/news101/industry-news/wartsila-to-acquire-transas-in-smart-marine-drive.

Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. It is also a leader in professional training and simulation services, as well as ship traffic control systems.

It recently launched its A-Suite package of cloud-based services – including manoeuvring, diagnostics and routing software – incorporating artificial intelligence and machine learning.

To date, Transas has been generating annual net sales of around €140 million. It employs approximately 1000 people working from 22 regional offices worldwide, who will become integrated within Wärtsilä’s Marine Solutions business.

It is expected that the company’s large base of software engineers will play a key role in assisting Wärtsilä in the development of smart products and a digital platform.