Wartsila to divest its Marine Electrical Systems business to VINCI Energies
Finland, July 17 -- Wartsila has agreed to divest its Marine Electrical Systems business to VINCI Energies, a global group offering multi-technical solutions and services for energy, transport and communication infrastructure, as well as buildings, factories and IT systems.With its long-standing customer relationships, Marine Electrical Systems is focused on specialized and complex electrical systems integration onboard vessels, connecting own equipment and equipment added by the yard into one electrical network. As part of Wartsila Portfolio Business, Marine Electrical Systems has been run independently with the aim of accelerating performance improvement and unlocking value to Wartsila through divestment. In 2024, the annual revenue of Ma...
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