Wärtsilä Oyj Abp

Wärtsilä Oyj Abp

Wärtsilä Oyj Abp

Overview
Date Founded

1914

Headquarters

Hiililaiturinkuja 2,Helsinki, Uusimaa 00180

Type of Company

Public

Employees (Worldwide)

17.8K

Industries

Industrial Machinery & Manufacturing
Engineering, Construction & Architecture
Trucks, Construction & Farm Machinery
Oil & Gas

Company Description

Wärtsilä Oyj Abp engages in the power business. It operates through the following segments: Wärtsilä Marine Power, Wärtsilä Marine Systems, Wärtsilä Voyage, Wärtsilä Energy, and Wärtsilä Portfolio Business. The Wärtsilä Marine Power segment focuses on comprehensive range of engine and propulsion solutions. The Wärtsilä Marine Systems segment consists of four end-to-end business units: Exhaust Treatment, Gas Solutions, Marine Electrical Systems, and Shaft Line Solutions. The Wärtsilä Voyage segment leverages the latest digital technologies to deliver a step-change in safety, efficiency, reliability, and emissions. The Wärtsilä Energy segment comprises flexible power plants, energy management, storage systems, and lifecycle services that enable increased efficiency and guaranteed performance. The Wärtsilä Portfolio Business segment involves multiple business units, which are run independently with the aim of accelerating performance improvement and unlocking value through divestments or other strategic alternatives. The company was founded on April 12, 1834 and is headquartered in Helsinki, Finland.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Deputy General Counsel, Corporate Legal Affairs

Chief Information Officer

President, Wärtsilä Marine Systems, Executive Vice President & Head of Portfolio Business

Director

Director

Director

Board of Directors

Director at Electrolux AB

President & Chief Executive Officer at Keskinäinen työeläkevakuutusyhtiö Varma

Director, President & Chief Executive Officer at Investor AB

Director, President & Chief Executive Officer at Atlas Copco AB

President, Smiths Interconnect at Smiths Group Plc

Chief Financial Officer at Uniper SE

Former Director at Wärtsilä Oyj Abp

President, Construction Division at Husqvarna AB

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Wärtsilä Oyj Abp
Owners & Shareholders
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Varma is an active, long-term and income-oriented investment manager, for which value is a secondary investment style. The firm manages a diversified portfolios invested primarily in fixed income, equities, real estate, and hedge funds. Fixed income investments are globally diversified between different bond issuers and maturities. Equity investments are diversified by geographic location, industry and company size. In Varma’s portfolio, listed equity investments seek the highest returns and are also the most volatile asset class. The firm uses derivatives to make diversified index-type investments in commodities. Their direct real-estate investments are located in Finland. Approximately 60% of Varma’s real estate investments are in the Helsinki area. In addition to rental flats, the portfolio includes all types of business premises, with the greatest weight on office and retail premises.

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Ilmarinen is an active, profit-oriented investor which manages an investment portfolio that has been diversified both geographically and across a wide variety of asset classes, such as equities and shares, fixed income investments and real estate with a focus on Finnish securities. The firm typically establishes information about the investment allocation and the return on investments on a quarterly basis. Ilmarinen generally aims to select companies with good growth potential in which they take long-term positions. They support investment decisions with information obtained through their active ownership policy, which encourages fund managers to participate in shareholders' meetings, make full use of voting rights and keep in contact with the management of investees.

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Elo’s investment operations aim to ensure the profitable, secure and responsible investment of employment pension assets. They seek to achieve good and sufficient returns on investments through the selected strategic allocation and success in internal asset class investment decisions. Their investment process is independent, autonomous and focuses on the long-term. Employee pension assets are invested in accordance with the company’s investment strategy and policy. The integrity of Elo’s investment process is emphasized by in-depth analysis and independent valuation of investment instruments in each asset class and the broad understanding of the investment markets.

Recent Transactions
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Videlio SA purchases Wärtsilä FUNA International GmbH from Wärtsilä Oyj Abp

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Evergreen Capital LP purchases Wartsila Valves Ltd. from Wärtsilä Oyj Abp

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Wärtsilä Oyj Abp purchases Burriel Navarro SL

Transaction Advisors
Accountant

Advised onWärtsilä Oyj Abp, CKT Industries SA purchase Japan Marine Technologies Ltd.

Legal Advisor

Advised onVidelio SA purchases Wärtsilä FUNA International GmbH from Wärtsilä Oyj Abp

Investment Advisor

Advised onWärtsilä Oyj Abp purchases Wartsila Hamworthy Ltd.

Associate

Advised onWärtsilä Oyj Abp purchases Greensmith Energy Management Systems, Inc. from TDF Ventures LLC, E.ON Venture Capital, Cota Capital Management LLC

Legal Advisor

Advised onWärtsilä Oyj Abp purchases Greensmith Energy Management Systems, Inc. from TDF Ventures LLC, E.ON Venture Capital, Cota Capital Management LLC

Associate

Advised onChina State Shipbuilding Corp. Ltd. purchases Wartsila Oyj Abp /2 Stroke Business from Wärtsilä Oyj Abp resulting in a new company Winterthur Gas & Diesel Ltd.

Advisors & Consultants
Legal Advisor

Partner at Dentons

Clients

Carnival Corporation & plc is a global cruise company and one of the largest vacation companies in the world. Our portfolio of leading cruise brands includes Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia. These brands, which comprise the most recognized cruise brands in North America, the United Kingdom, Germany and Italy, offer a wide range of holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. We also own a tour company that complements our cruise operations: Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Combined, our vacation companies attract 10 million guests annually

Freeport-McMoRan, Inc. engages in the mining of copper, gold and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining; Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining and Corporate, Other and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other and Eliminations segment consists of other mining and eliminations, oil and gas operations and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy's regulated electric utilities in the Carolinas, Florida and the Midwest. The Gas Utilities and Infrastructure segment focuses on Piedmont, Duke Energy's natural gas local distribution companies in Ohio and Kentucky, and Duke Energy's natural gas storage and midstream pipeline investments. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded on April 30, 1904 and is headquartered in Charlotte, NC.

Key Stats and Financials As of 2020
Market Capitalization
$8.83B
Total Enterprise Value
$5.88B
Earnings Per Share
$0.25
Revenue
$5.17B
Three Year Compounded Annual Growth Rate Of Revenue
-2.21%
EBITDAMargin
8.25%
Debt TEV
0.25x
TEVNet Income
39.12x
Enterprise Value EBITDAOperating
13.8x
Enterprise Value / Sales
1.14x
Total Debt
$1.49B
Total Equity
$2.46B
Net Profit
$150M
EBITDA
$427M
Non-Profit Donations & Grants
Investments
Details Hidden

Jamaica Energy Partners Ltd. generates and supplies commercial electricity and power. It provides services in the areas of educational and health, work programs, sports and environmental initiatives. The company was founded in October 1995 and is headquartered in Kingston, Jamaica.

Suppliers
Woodward, Inc. Power & Utilities | Fort Collins, Colorado

Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control. The Industrial segment includes the design and services systems and products for the management of fuel, air, fluids, gases, electricity, motion and combustion. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.

Componenta Oyj Industrial Machinery & Manufacturing | Helsinki, Finland

Componenta is a major casting solutions provider in Europe. With local presence in key markets we serve our customers by providing them solutions, from engineering to components. Our performance is based on knowledge of our customers' business and excellence in engineering, casting and machining services, the Componenta values and sustainability. Our customers are manufacturers of vehicles and machines and equipment in various industries, and they are global players and market leaders in their sectors. Componenta's customer service centers and sales offices are located in Finland, France, Germany, Italy, the Netherlands, Sweden, Turkey, UK, and USA. We are casting, forging and machining components in Turkey, Finland, the Netherlands and Sweden. In 2012 the Group's net sales were EUR 545 million and it employed approx 4,300 people. Componenta's shares are quoted on the NASDAQ OMX Helsinki. The share of the Group's subsidiary Componenta Dökümcülük AS is listed on the Istanbul Stock Exchange.

BTS Group AB Management Consulting | Stockholm, Sweden

BTS Group AB engages in the provision of consultancy solutions and training services. It operates through the following segments: North America, Europe, Other Markets, and Advantage Performance Group (APG). The North America segment consists of the company's operations in North America excluding APG. The Europe segment includes Belgium, Finland, France, Germany, the Netherlands, Sweden, and the UK. The Other Markets segment handles operations in Argentina, Australia, Brazil, China, Costa Rica, Dubai, India, Italy, Japan, Mexico, Singapore, South Africa, South Korea, Spain, Taiwan, and Thailand. The APG segment covers the operations of Advantage Performance Group in North America. The company was founded by Henrik Ekelund in 1986 and is headquartered in Stockholm, Sweden.

Competitors
Tesla, Inc. Automobiles - Palo Alto, California

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

General Electric Company Power & Utilities - Boston, MA

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

ABB Ltd. Electrical Products - Zurich, Che

ABB Ltd. is a technology company, which engages in the development and provision of electrification, motion and automation solutions. It operates through the following business segments: Electrification, Industrial Automation, Motion, Robotics & Discrete Automation and Corporate and Other. The Electrification segment manufactures and sells products and solutions which are designed to provide safer electrical flow from the substation to the socket. The Industrial Automation segment develops and sells integrated automation and electrification systems and solutions, such as process and discrete control solutions, advanced process control software and manufacturing execution systems, sensing, measurement and analytical instrumentation and solutions, electric ship propulsion systems, as well as large turbochargers. The Motion segment manufactures and sells motors, generators, drives, wind converters, mechanical power transmissions, complete electrical powertrain systems and related services and digital solutions for a wide range of applications in industry, transportation, infrastructure, and utilities. The Robotics & Discrete Automation segment develops and sells robotics and machinery automation solutions, including robots, controllers, software, function packages, cells, programmable logic controllers, industrial PCs, servo motion, engineered manufacturing solutions, turn-key solutions and collaborative robot solutions for a wide range of applications. The Corporate and Other segment includes headquarters, central research and development, the Company's real estate activities, Corporate Treasury Operations, historical operating activities of certain divested businesses and other non-core operating activities. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

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