Wärtsilä joins AARC

Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this year. ABB and Aker Kvaerner Engineering and Technology AS are the other owners.

AARC will continue the activity of the former Masa-Yards’ Arctic Technology Center (MARC) and extends it’s scope by starting to offer its own portfolio of conceptual ship designs for various shipyards, shipowners and offshore operators interested in operations in ice-bound seas.

“Taking an active stake in joining AARC gives Wärtsilä an unique opportunity to contribute in the development of ice going vessels and structures. It also gives an opportunity to learn and further develop Wärtsilä’s competencies in ship machinery and especially in propulsion equipment”, said Mikael Mäkinen, Group Vice President, Ship Power. “Wärtsilä sees strong growth potential in the ice going ship market”, he continued.