COMPANY PRODUCTS & SOLUTIONS PROJECTS SUPPORT CAREER CONTACT US Company / Press Centre / News / Wärtsilä’s acquisition of Transas is completed Company History Projects Geography Social Responsibility Press Centre News Exhibitions ONE Transas magazine Wärtsilä’s acquisition of Transas is completed 04 May 2018 . The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalised. Control of the company will be transferred to Wärtsilä effective from 4. May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value). Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. It is also a leader in professional training and simulation services, as well as ship traffic control systems. In acquiring Transas, Wärtsilä takes a big step forward in achieving its mission of enabling sustainable societies with smart technology. It will also speed delivery on the company's promise to disrupt the industry by establishing a Smart Marine ecosystem. Wärtsilä envisions a secure, smart, and cloud-based future through the development of applications that leverage machine learning and artificial intelligence. Transas currently has net annual sales in the region of EUR 140 million and employs approximately 1000 people working from 22 regional offices worldwide. They will become integrated within Wärtsilä's Marine Solutions business. It is expected that the company's large base of software engineers will play a key role in assisting Wärtsilä in the development of smart products and a digital platform. "Combining Transas with Wärtsilä will bring the Smart Marine Ecosystem many steps forward. It is a very positive move for both parties, and we welcome the Transas team into our organisation," says Roger Holm, President, Wärtsilä Marine Solutions. Image 1 out of 1 Connecting smart ships with smart ports will deliver fundamental benefits to the marine sector Back to news list Copyright 2006-2018 Transas. All rights reserved. Offices and dealers Web-support Privacy Notice Legal Disclaimer Modern Slavery Act