Wärtsilä has agreed to sell its Marine Electrical Systems business to VINCI Energies, a global provider of multi-technical services for energy, transport, communications, industrial facilities, and IT infrastructure.
The divested unit specialises in integrating complex electrical systems onboard vessels, linking Wärtsilä and third-party equipment into unified networks.
It has operated independently under Wärtsilä’s Portfolio Business unit, which focuses on improving performance and enabling divestment of non-core operations. In 2024, the business reported annual revenue of €100 million ($116 million).
The deal includes the transfer of Wärtsilä SAM Electronics GmbH and related assets, including those tied to an ongoing project in Brazil.
The company said the divestment is part of its strategy to streamline operations and focus on core technologies.
Bernd Bertram, Head of Portfolio Business, Wärtsilä: “VINCI Energies has deep expertise in complex project-based business and therefore is an ideal match for Marine Electrical Systems. I’m confident that VINCI Energies will provide a solid platform for further business success for the benefit of the customers, partners, and the highly skilled professionals of Marine Electrical Systems.”
Subject to regulatory approvals, the transaction is expected to close in the fourth quarter of 2025.
Recently, Wärtsilä signed a five-year Lifecycle Agreement with the Greek, Athens-based LNG management company, Alpha Gas. The agreement covers two LNG carriers which each of which has four Wärtsilä 34DF engines, and is aimed at giving Alpha Gas increased operational insight, availability, and better maintenance cost predictability.