Wärtsilä has introduced plans to additional streamline its marine enterprise portfolio by divesting its Gas Solutions enterprise unit.
Gas Solutions is a supplier of fuel processing methods. However, the enterprise unit has restricted synergies with the remainder of Wärtsilä’s marine product portfolio. Therefore, Wärtsilä plans to maneuver Gas Solutions to the Portfolio Business in preparation for a divestment. The web gross sales of Gas Solutions was EUR 293 million within the 12-month interval This fall/2022-Q3/2023.
Wärtsilä plans to maneuver its Exhaust Treatment and Shaft Line Solutions enterprise items from Wärtsilä Marine Systems to Wärtsilä Marine Power as of January 1, 2024 to simplify the organizational construction. The mixed web gross sales of Exhaust Treatment and Shaft Line Solutions was EUR 290 million within the 12-month interval This fall/2022-Q3/2023.
Wärtsilä Marine Systems will now not represent an organizational unit or a reporting phase.
Wärtsilä Marine Power will change its identify to Wärtsilä Marine as of January 1, 2024. It will likely be led by Roger Holm, at the moment President, Marine Power and Executive Vice President. Tamara de Gruyter will proceed as Executive Vice President and member of the Wärtsilä Board of Management, specializing in the divestments of the Portfolio Businesses.
Following these deliberate modifications, Wärtsilä may have two reporting segments as of January 1, 2024: Marine and Energy. Portfolio Business will proceed to be reported as different enterprise actions. The change within the reporting construction will likely be mirrored in Wärtsilä’s monetary reporting as of the primary quarter of 2024. Restated monetary data relating to these modifications will likely be printed through the first quarter of 2024.
