Divestiture • Oil/Gas Exploration

Mutares Acquires Wärtsilä - Gas Solutions business

On December 22, 2025, private equity firm Mutares acquired oil/gas exploration company Wärtsilä - Gas Solutions business from Wartsila

Acquisition Context
  • This is Mutares’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Mutares’ 3rd transaction in Finland.

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M&A Deal Summary

Date December 22, 2025
Target Wärtsilä - Gas Solutions business
Sector Oil/Gas Exploration
Buyer(s) Mutares
Sellers(s) Wartsila
Deal Type Divestiture

Target Company

Wärtsilä - Gas Solutions business

Helsinki, Finland
Wärtsilä’s Gas Solutions business offering innovative systems and comprehensive lifecycle solutions for the gas value chain and are based in Helsinki, Finland.
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Buyer Overview 1

Buyer

Mutares

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.


Deal Context for Buyer #
Overall 53 of 53
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 40 of 40
Country: Finland 3 of 3
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Natura

Lodz, Poland

Natura is one of the longest-running chains on the Polish cosmetics market. Drogerie Natura is a chain of over 265 stores located throughout the country. Drogerie Natura is distinguished by its professional approach to customers - both in terms of service quality and shopping comfort. Natura is based in Lodz, Poland.

Buy -

Seller Profile 1

SELLER

Wartsila

Helsinki, Finland

Category Company
Founded 1834
Sector Marine
Employees18,753
Revenue 6.4B EUR (2024)
DESCRIPTION
Wärtsilä's corporate headquarters in Helsinki.
Wärtsilä's corporate headquarters in Helsinki.

Wartsila is a provider of smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency, and data analytics, Wartsila maximises the environmental and economic performance of the vessels and power plants of its customers. Wartsila was established in 1834 and is based in Helsinki, Finland.


Deal Context for Seller #
Overall 7 of 7
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 7 of 7
Country: Finland 2 of 2
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-17 Wärtsilä SAM Electronics

Hamburg, Germany

Wärtsilä SAM Electronics is a renowned systems company and partner with worldwide shipping companies, navies, and shipyards. Wärtsilä SAM Electronics was founded in 1906 and is based in Hamburg, Germany.

Sell -