M&A Deal Summary

Wartsila Acquires Transas

On March 19, 2018, Wartsila acquired safety/security company Transas from Industrial Investors Group

Acquisition Highlights
  • This is Wartsila’s 1st transaction in the Safety/Security sector.
  • This is Wartsila’s 1st transaction in Russia.

M&A Deal Summary

Date 2018-03-19
Target Transas
Sector Safety/Security
Buyer(s) Wartsila
Sellers(s) Industrial Investors Group
Deal Type Add-on Acquisition

Target

Transas

St. Petersburg, Russia
Transas is a manufacturer of onshore marine safety equipment, marine and aviation on-board equipment, integrated navigation systems, marine and aviation training devices, digital navigation and map solutions.

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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 34 of 34
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 30 of 30
Country: Russia M&A 1 of 1
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Transas

Portsmouth, United Kingdom

Transas is a provider of marine navigation solutions that include complete bridge systems, digital solutions and electronic charts. The company is also a leader in professional training and simulation services, ship traffic control, as well as monitoring, and decision-support tools. Transas leverages the latest advances in machine learning to create a unified cloud-based platform for managing operations across the entire marine ecosystem. The company has 22 regional offices worldwide and a distribution network that spans 120 countries. Its workforce of approximately 1000 employees includes a large and competent team of engineers who, together with Wärtsilä’s team, will accelerate the development of smart digital products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Wartsila - Pumps Business

Aalborg, Denmark

Wartsila's Pumps Business designs, manufactures, and markets niche pumps, primarily deep well and in-line pumps to the marine and oil & gas industries. Wartsila's Pumps Business is based in Aalborg, Denmark.

Sell -

Seller(S) 1

DESCRIPTION

Industrial Investors is a Russian private equity group that invests in turnaround, consolidation and build-up opportunities in Russia and nearby countries. The Firm looks for companies with annual revenue of $50 million to $1 billion and typically seeks majority positions. Areas of interest include transportation, food production and beverage, machinery/mechanical equipment/agri-equipment, biotechnology, and specialized public services. Industrial Investors has offices in London and Monaco.


DEAL STATS #
Overall 3 of 4
Sector: Safety/Security M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Russia M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-14 IG Seismic Services

Moscow, Russia

IG Seismic Services is a land and transition-zone seismic company, primarily servicing clients in Russia and the CIS. The company offers quality seismic data acquisition, processing and interpretation solutions for oil and gas exploration industry. IG Seismic Services was founded in 2011 and is based in Moscow, Russia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Bojangles

Charlotte, North Carolina, United States

Bojangles is a restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from its Southern recipes, including breakfast served All Day, Every Day. Bojangles was founded in 1977 and is based in Charlotte, North Carolina.

Buy -