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Wärtsilä buys Eniram for €43m

Jaakko Eskola, president and CEO, Wärtsilä Corporation Jaakko Eskola, president and CEO, Wärtsilä Corporation

Wärtsilä has signed a €43 million deal to acquire Eniram, a Finland-based technology company providing energy management and analytics systems for the marine industry.

{mprestriction ids="1,2"}Wärtsilä says that the acquisition of Eniram will enable the company to grow its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation.

Eniram’s products range from single onboard applications for trim, speed and engine optimisation to wider scale fleet analysis. The company’s systems are installed on approximately 270 vessels, and the company recorded €10 million in turnover in 2015.

Eniram is headquartered in Helsinki, Finland and has subsidiaries in the UK, the USA, Germany and Singapore, with 89 employees worldwide. Ownership of the company will be transferred to Wärtsilä with immediate effect.

“Through this acquisition Wärtsilä takes a solid lead in marine digitalisation. Going digital plays a strong role in our strategy and supports our aim to make both Wärtsilä and our customers more competitive,” said Jaakko Eskola, president and CEO, Wärtsilä Corporation.

“For us it means growing organically and via acquisitions. We will build strategic partnerships, innovate with start-up companies and continuously recruit new people to strengthen our digital expertise. Digitalisation offers significant growth potential for our customers and for Wärtsilä.”{/mprestriction}

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