16Dec

Wärtsilä Acquires Eniram

Finnish Corporation Wärtsilä signed an agreement to acquire Eniram, a Finland-based technology company providing the marine industry with energy management and analytics solutions, primarily regarding the reduction of fuel consumption and CO2 emissions. Eniram’s solutions are installed in over 270 vessels. Eniram is headquartered in Helsinki, Finland, and has subsidiaries in the UK, the USA, Germany and Singapore, with a total of 89 employees worldwide. In 2015, Eniram’s turnover exceeded EUR 10 million. The acquisition will enable Wärtsilä to grow and strengthen its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation. The transaction is valued at EUR 43 million (enterprise value). Ownership of the company will be transferred to Wärtsilä with effect from 1 July 2016.