Posted on December 17, 2024
Technology group Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group AB.
ANCS is a global leader in innovative hardware and software technologies for marine navigation and automation, with solutions including integrated navigation and automation systems, advanced sensors enhancing safety and situational awareness, and dynamic positioning systems enabling precise vessel station keeping. Wärtsilä acquired ANCS in 2015 as part of Marine Systems International. In 2023, the annual revenue of ANCS was close to EUR 200 million.
Tamara de Gruyter, President, Portfolio Business and Executive Vice President, Wärtsilä says:
“ANCS is a leading system and services provider in marine navigation and automation. Having worked with Solix on some of our previous divestments, I am positive that ANCS will have a solid owner and a great environment to continue driving the business independently towards further success. This will benefit customers, partners, and the highly skilled ANCS professionals.”
Subject to approvals, the transaction is expected to be completed in the second quarter of 2025.
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com
