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Wärtsilä buys Transas in €210m deal Featured

Transas technologies will form part of Wärtsilä’s overall Smart Marine Ecosystem Transas technologies will form part of Wärtsilä’s overall Smart Marine Ecosystem

Wärtsilä has agreed a deal to acquire Transas for €210 million, to leverage its navigation, simulation and monitoring systems in accelerating the development of Wärtsilä’s Smart Marine Ecosystem concept.

{mprestriction ids="1,2"}Transas’ current annual net sales are in the region of €140 million, via 22 regional offices worldwide and a distribution network that spans 120 countries. It has a workforce of approximately 1,000 employees, who will be integrated within Wärtsilä’s Marine Solutions business following completion of the deal, expected in the second quarter of 2018.

Wärtsilä says that the large base of software engineers within the group will play a “key role in assisting with the development of smart products and a digital platform.”

Wärtsilä’s Smart Marine Ecosystem concept aims to link ‘smart vessels’ with ‘smart ports’ in the context of a broader connected industry to drive three fundamental benefits: maximising the use of resources and operational efficiency, minimising environmental impact and risk, and achieving safety and security.

Through data integration, greater connectivity and Cloud-based technology, Wärtsilä says that it aims to resolve inefficiencies in the shipping sector resulting from overcapacity, sub-optimal fuel consumption, and waiting times at ports and other high-traffic areas.

“Combining Transas with Wärtsilä will bring the Smart Marine Ecosystem many steps forward. We can now connect Wärtsilä’s product portfolio, the biggest in the marine industry, with ship traffic control, simulators, navigation solutions and fleet operation solutions from Transas,” said Roger Holm, president, Wärtsilä Marine Solutions.

“The combined package will further improve the way a vessel can sail in the most cost efficient and environmental friendly way for our customers.”

Transas has already developed its own smart maritime ecosystem concept through its THESIS platform, integrating its various technologies through a Cloud-based network backed by additional artificial intelligence-driven data analysis and decision support.

“It is incredibly exciting to have this opportunity to join the Wärtsilä brand in delivering the future of maritime transport,” said Frank Coles, CEO of Transas.

“We share a common vision; one of a safer, more efficient, and more environmentally friendly maritime industry. The Transas team has significant competences in technology, along with a globally recognised leadership position in navigation, simulation and traffic control systems.”

“Adding these to the extensive, world leading Wärtsilä portfolio of services and products, provides an unparalleled opportunity for a new ecosystem for maritime operations.”{/mprestriction}

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