Wärtsilä Oyj Abp

About Wärtsilä

Wärtsilä is a Finnish technology company headquartered in Helsinki that manufactures engines, power plants and marine systems and provides lifecycle services for them. The portfolio includes multi-fuel and dual-fuel engines (including Wärtsilä 31, 50DF, 31DF), flexible engine power plants for grid stabilisation, energy storage systems, ship propulsion, propellers, thrusters, exhaust gas cleaning systems as well as ballast water management and Onboard Carbon Capture. Engines can be operated flexibly on low-carbon and carbon-free fuels such as ammonia, methanol, hydrogen and biofuels. Services include Lifecycle Agreements, data-based maintenance planning (DMP), the predictive maintenance diagnostics solution Expert Insight and 24/7 operational support via global Expertise Centres. Two thirds of the world's large vessels use Wärtsilä technologies; the company employs around 17,900 people in 78 countries and is listed on Nasdaq Helsinki. Core markets are shipping (cruise, ferry, merchant vessels, navy, offshore) as well as power generation in South and Southeast Asia, the Middle East, Africa and Latin America.

Site

Helsinki

Processes

Lifecycle Agreements / Lifecycle Services, Data-driven Maintenance Planning, Expert Insight (predictive maintenance), 24/7 Operational Support, Engine power plants (flexible grid balancing), Energy Storage Systems (Valo Energy Storage, 50% Wärtsilä), Ship propulsion, propulsion systems, electrification, Onboard Carbon Capture

Materials

Wärtsilä 31DF Dual-Fuel Engine, Wärtsilä 50DF Dual-Fuel Engine, LNG/Multi-fuel technology, Battery energy storage systems (Quantum/GEMS)

Founded

1834

Employees

17900

Industries

Shipping/Marine (cruise, ferry, merchant vessels, navy, offshore), Power generation/Power plants, Oil & Gas (services), Shipping/Marine (cruise, ferry, merchant vessels, navy, tugs, yachts), Energy/Generation (engine power plants, energy storage, grid stability)

1. 01

   Engineering and engine design

2. 02

   Manufacturing of engines and components

3. 03

   System integration (propulsion, electrification, exhaust gas cleaning)

4. 04

   Installation and commissioning

5. 05

   Lifecycle services including maintenance and digital services

Technologies and Manufacturing

Locations

History

1. 1834

   Founding as a sawmill in Tohmajärvi (12 April)

2. 1898

   Renamed Wärtsilä Ab

3. 1907

   Re-founded as Ab Wärtsilä Oy

4. 1935

   Acquisition of the majority stake in Kone- ja Siltarakennus Oy including the Hietalahti shipyard in Helsinki and the Crichton-Vulcan shipyard in Turku

5. 1938

   Licence agreement with Friedrich Krupp Germania Werft AG, start of the diesel era

6. 1942

   First diesel engine in Turku

7. 1959

   First in-house developed diesel engine, Wärtsilä Vasa 14

8. 1978

   Acquisition of 51% of the NOHAB diesel business (Sweden)

9. 1986

   Pooling of marine resources with Valmet, founding of Wärtsilä Marine Oy

10. 1990

    Merger with Lohja, renamed Metra Oy Ab

11. 1997

    Merger of Wärtsilä Diesel, New Sulzer Diesel and Diesel Ricerche to form Wärtsilä NSD Corporation

12. 2000

    Metra becomes Wärtsilä again

13. 2002

    Acquisition of John Crane-Lips

14. 2012

    Acquisition of Hamworthy

15. 2014

    Acquisition of L-3 Marine Systems International

16. 2016

    Spin-off of the two-stroke engine portfolio as WinGD; acquisition of Greensmith Energy Management Systems

17. 2020

    Plans for hybrid engine solutions for Finnlines