M&A Deal Summary

Wartsila Acquires Puregas Solutions AB

On October 4, 2017, Wartsila acquired renewable energy company Puregas Solutions AB for 29M EUR

Acquisition Highlights
  • This is Wartsila’s 1st transaction in the Renewable Energy sector.
  • This is Wartsila’s 4th largest (disclosed) transaction.
  • This is Wartsila’s 4th transaction in Sweden.

M&A Deal Summary

Date 2017-10-04
Target Puregas Solutions AB
Sector Renewable Energy
Buyer(s) Wartsila
Deal Type Add-on Acquisition
Deal Value 29M EUR

Target

Puregas Solutions AB

Kalmar, Sweden
Puregas Solutions AB is a provider of turnkey biogas upgrading solutions. Puregas develops biogas upgrading technology that converts raw biogas to biomethane and renewable natural gas. Puregas Solutions AB was established in 2011 and is based in Kalmar, Sweden.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

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 STATS #
Overall 29 of 34
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 25 of 30
Country: Sweden M&A 4 of 4
Year: 2017 M&A 2 of 4
Size (of disclosed) 4 of 8
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 Guidance Marine

Leicester, United Kingdom

Guidance Marine Ltd. is a technology provider in the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations. Guidance Marine Ltd. was founded in 1991 and is based in Leicester, United Kingdom.

Buy -