- Business
- Wärtsilä Oyj Abp manufactures and services power sources and other equipment for the marine and energy markets; its core products and services include engines, propulsion systems, hybrid technology, exhaust treatment, shaft line solutions, and digital technologies for marine applications such as cruise ships, ferries, merchant vessels, naval ships, offshore vessels, and special vessels; voyage solutions encompassing bridge infrastructure, fleet optimization, decision support systems, and smart port solutions; energy storage systems, flexible engine power plants capable of running on gaseous, liquid, or renewable fuels like biogas and biofuel, and optimization platforms such as GEMS; decarbonization services including scrubbers, selective catalytic reduction, ballast water treatment, and lifecycle upgrades, spare parts, maintenance, training, and performance-based agreements. The company operates globally across approximately 77 countries, serving shipowners, shipyards, power utilities, and industrial customers in the Americas (28% of 2024 net sales), Europe (33%), Asia (26%), and other regions, with 18,300 employees as of 2024. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä focuses on sustainable technologies and lifecycle solutions for marine propulsion, power generation, and energy optimization. In recent strategic changes, Wärtsilä completed the divestment of its Marine Electrical Systems business, generating EUR 100 million in 2024 revenue, to VINCI Energies on October 31, 2025, as part of efforts to streamline its portfolio and concentrate on core marine and energy operations; it also divested its Automation, Navigation and Control Systems business to Solix Group AB in December 2024, enhancing focus and profitability amid ongoing portfolio optimization.