Wärtsilä to divest Marine Electrical Systems business to VINCI Energies
Wärtsilä has announced the divestment of its Marine Electrical Systems business to VINCI Energies, a multi-technical solutions and services provider.
The Marine Electrical Systems division, known for its specialised electrical systems integration for vessels, operates as part of Wärtsilä Portfolio Business.
The division has been managed independently to enhance performance and realise value through strategic divestment. In 2024, the annual revenue of the division was €100m ($116.22m).
The transaction encompasses the sale of Wärtsilä SAM Electronics and associated assets for a project under construction in Brazil.
Wärtsilä head of portfolio business Bernd Bertram: “This agreement is yet another proof point of our Portfolio Business divestment strategy coming to life. VINCI Energies has deep expertise in complex project-based business and therefore is an ideal match for Marine Electrical Systems.
“I’m confident that VINCI Energies will provide a solid platform for further business success for the benefit of the customers, partners, and the highly skilled professionals of Marine Electrical Systems.”
Through this acquisition, VINCI Energies aims to bolster its industrial services range through its brand Actemium and reinforce its presence in the German defence market with the transfer of 350 employees.
The transaction is expected to add an annual revenue of €100m to VINCI Energies’ portfolio.
It is expected to be completed in the last quarter of 2025, pending regulatory approvals.
In related news, Wärtsilä Gas Solutions has secured a contract to provide cargo handling and fuel supply systems for four Very Large Gas Carriers (VLGCs) being constructed for Cosco Shipping.
These vessels are currently under production at Cosco Shipping (Qidong) Offshore, with the initial order for two vessels placed in the fourth quarter of 2024 and an additional order for two more vessels in the second quarter of 2025.
