- About us
- IBJ Awards
- Free Sample
- Contact us
Wärtsilä redefines structure
(Posted on 06/03/20)
Wärtsilä has decided to reorganise its Marine Business into three independent businesses. The objective of this change is to accelerate strategy execution, simplify the business structure, and strengthen business presence in the Board of Management. The new businesses, consisting of Marine Power, Marine Systems and Marine Voyage, will be operational as of 1 July 2020.
The evolution of Wärtsilä’s organisational structure is a continuation to the changes made in 2019, whereby the equipment and service businesses were integrated to strengthen the focus on complete lifecycle solutions. In the new operational model, Marine Power will focus on Wärtsilä engine and propulsion solutions. Marine Systems’ offering will consist of gas solutions, exhaust treatment, marine electrical systems, as well as seals and bearings. Marine Voyage will provide navigation solutions, simulation and training solutions, fleet operation solutions, and ship traffic control solutions. Each business will have lifecycle responsibility for its offerings. Wärtsilä’s Energy Business will continue in its current form.
“Wärtsilä is committed to leading the way towards a more sustainable maritime future. We have today the broadest offering for the marine markets, and I am confident that establishing three independent marine entities, with a stronger focus on the specific needs of their respective markets, will accelerate the execution of our Smart Marine strategy. Our customers will benefit from increased agility and speed in decision-making, as well as an even more empowered and effective frontline,” comments Jaakko Eskola, President & CEO of Wärtsilä Corporation.
Wärtsilä's financial reporting will be adjusted to reflect the new organisational structure as of the second quarter of 2020. Adjusted comparison figures will be provided prior to the publication of the Half year financial report January-June 2020.
Bedeschi has been awarded a new contract by Nanjing Kisen International Engineering, part of CNBM Group... Read more
2020 has been a special year for DESMI. Founded in 1834, the company is one of Denmark’s oldest... Read more
Turkey’s Iskenderun Ship Management has provided a first reference for Nippon Paint Marine&rsquo... Read more
In just over a week Hydrex diver/technicians travelled to Finland, Germany, the Netherlands and France... Read more
From its creation three decades ago to its market leading position in global shipping today, Azipod... Read more
The port terminal operator SERMI in Pozzallo (Sicily), has ordered an eco-efficient Konecranes Gottwald... Read more
Inmarsat, the world leader in global, mobile satellite communications, has signed an agreement with... Read more
Bruks Siwertell has recently secured a new Siwertell road-mobile ship unloader order for cement handing... Read more
Superior Industries, Inc., a U.S.-based manufacturer and global supplier of bulk material processing... Read more
Global safety solutions leader Survitec has unveiled a new face covering with protective features designed... Read more