M&A Deal Summary |
|
|---|---|
| Date | 2016-09-23 |
| Target | Wärtsilä Oyj Abp - Marine Drives Business |
| Sector | Electrical Equipment |
| Buyer(s) | The Switch |
| Sellers(s) | Wartsila |
| Deal Type | Divestiture |
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The Switch is a specialist in advanced drive train technology, with an installed base of over 13 GW of megawatt-class permanent magnet machine and power converter packages. Company main focus areas are wind, marine and special industrial solutions. The company started in 2006, is headquartered in Helsinki, Finland, and employs approximately 220 persons.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Electrical Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Finland M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
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 originally established in 1834 and is based in Helsinki, Finland.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector: Electrical Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 5 |
| Country: Finland M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-30 |
Eniram Oy
Helsinki, Finland Eniram Oy is a Finland-based technology company providing the marine industry with energy management and analytics solutions. Eniram provides the maritime industry with energy management technology to reduce fuel consumption and emissions. Eniram’s solutions range from single onboard applications for trim, speed and engine optimisation to comprehensive fleet analysis. |
Buy | €43M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-15 |
Greensmith Energy Management Systems
Herndon, Virginia, United States Greensmith Energy Management Systems, Inc. is a provider of energy storage software and integration services, Greensmith’s mission is to make energy storage a fundamental part of a cleaner, more intelligent and distributed energy infrastructure. Now in its fifth generation, Greensmith’s GEMS software platform optimizes the performance of energy storage by lowering costs and maximizing system return on investment. |
Buy | - |
