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Wärtsilä takes leadership in maritime digitalisation with acquisition of Eniram

Wärtsilä takes leadership in maritime digitalisation with acquisition of Eniram

Jul 4, 2016
Cleanweb & IoT
Energy & resource efficiency
Marine & shipping

Wärtsilä strengthens its leadership in the maritime industry with the acquisition of Eniram, a Finland-based technology company providing the industry with energy management and analytics solutions. The acquisition of Eniram will enable Wärtsilä to grow and strengthen its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation.

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. The company’s solutions are installed in over 270 vessels; saving fuel, increasing profitability and reducing harmful emissions.

Eniram will initially continue as a strong independent business entity supported by Wärtsilä’s global capabilities. The transaction is valued at EUR 43 million (enterprise value). Ownership of the company transferred to Wärtsilä with effect from 1 July 2016.

"With the accelerating trend of digitalisation and connectivity, there is an enormous amount of innovation happening across the maritime industry. Wärtsilä’s leading market position coupled with Eniram’s cutting-edge technology forms an unbeatable combination in the marine digitalisation space," Henrik Dahl, CEO and Co-founder of Eniram

"Eniram has world-class analytics capabilities, and by joining forces we can provide our customers an unbeatable offering on both the vessel and fleet level,” says Pierpaolo Barbone, President of Wärtsilä Services. 

"Through this acquisition Wärtsilä takes a solid lead in marine digitalisation," commented Jaakko Eskola, President and CEO of Wärtsilä. 

"We will build strategic partnerships, innovate with start-up companies and continuously recruit new people to strengthen our digital expertise. Digitalisation offers significant growth potential for our customers and for Wärtsilä."

Image: Eniram

Source: Wärtsilä

Companies in the sector

Wärtsilä

Energy production & distribution

Marine & shipping

Eniram

Marine & shipping