Wärtsilä Oyj Abp

Wärtsilä Oyj Abp

Wärtsilä Oyj Abp

Overview
Date Founded

1914

Headquarters

Hiililaiturinkuja 2, Helsinki, 00180, FIN

Type of Company

Public

Employees (Worldwide)

19.3K

Industries

Engineering, Construction & Architecture
Oil & Gas

Company Description

Wärtsilä Oyj Abp is engaged in the power business. It operates through the following market-based business areas: Energy Solutions, Marine Solutions, and Services. The Energy Solutions business supplies power plants capable of operating on most gas and liquid fuels. The Marine Solutions business serves the marine and oil and gas industries and covers traditional merchant vessels; gas carriers; cruise and ferry; navy; special vessels; offshore installations and vessels; and land-based gas installations. The Services business covers engine, propulsion, seals and bearings, hydro and industrial, and environmental services; service agreements; service projects; and training services. 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

Chief Investment Officer & Vice President

Deputy General Counsel, Corporate Legal Affairs

Chief Digital Officer & Executive Vice President

Director, Compliance

Director-Investor & Media Relations

Director, Corporate Relations & Sustainability

Executive Vice President, Communications, Branding & Marketing

Executive Vice President, Corporate Relations & Legal Affairs

Board of Directors

President & Chief Executive Officer at Investor AB

Chief Financial Officer at Fortum Oyj

President & Chief Executive Officer at Keskinäinen työeläkevakuutusyhtiö Varma

Managing Director at Boardview Oy

Former Executive Vice President-Corporate Strategy at AB Volvo

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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 has strived to identify investments with similar returns as equities but with less volatility. These include private equity investments and hedge funds. Varma 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. Varma has increased the share of international real estate investments in its investment portfolio. International real estate investments are used to improve diversification within the real estate portfolio.

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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 collects personal data necessary in order to perform their duties. They process the personal data of their customers and protect the privacy of their customers in accordance with the valid legislation, such as employment pension laws, the EU's General Data Protection Regulation, the national legislation on data protection, insurance legislation, legislation on credit institutions and regulations applicable to investment funds. Elo's investment process is independent and is focused 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. Their direct investments are the primary form of investment across different asset classes.

Recent Transactions
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Wärtsilä Oyj Abp purchases Burriel Navarro SL

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Wärtsilä Oyj Abp purchases Transas Marine Ltd.

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Wärtsilä Oyj Abp purchases Trident BV

Transaction Advisors
Accountant

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

Investment Advisor

Advised onWärtsilä Oyj Abp purchases Wartsila Hamworthy Ltd.

Legal Advisor

Advised onWärtsilä Oyj Abp purchases American Hydro Corp. from The Weir Group Plc

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.

Clients

ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification Products; Robotics and Motion; Industrial Automation; and Corporate and Other. The Electrification Products segment manufactures and sells products and solutions which are designed to provide smarter and safer electrical flow from the substation to the socket. The Robotics and Motion segment manufactures and sells robotics, motors, generators, drives, wind converters, components and systems for railways and related services and digital solutions. The Industrial Automation segment develops and sells integrated automation and electrification systems and solutions. The Corporate and Other segment refers to the firm's central research and development, and real estate activities. The company was founded on January 5, 1988 and is headquartered in Zurich, Switzerland.

Royal Caribbean Cruises Ltd. operates as a global cruise vacation company. It owns and operates global cruise brands, namely Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises and Silversea Cruises. It also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands. The company was founded in 1968 and is headquartered in Miami, FL.

Transocean, the world’s largest offshore drilling contractor, provides the most versatile fleet of mobile offshore drilling units to help customers find and develop oil and natural gas reserves. Building on more than 50 years of experience with the highest specification rigs, our 18,700 employees are focused on safety and premier offshore drilling performance.

Key Stats and Financials As of 2018
Market Capitalization
$5.78B
Total Enterprise Value
$8.57B
Earnings Per Share
$0.65
Revenue
$5.17B
Net Profit
$386M
EBITDA
$796M
EBITDAMargin
15.38%
Total Debt
$822M
Total Equity
$2.43B
Enterprise Value Sales
1.66x
Enterprise Value EBITDAOperating
10.77x
TEVNet Income
22.2x
Debt TEV
0.1x
Three Year Compounded Annual Growth Rate Of Revenue
0.95%
Five Year Compounded Annual Growth Rate Of Revenue
2.14%
Non-Profit Donations & Grants
Investments
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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 Aerospace and Industrial segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, 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 Metal Manufacturing & Products | Helsinki, UU

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, AB

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 , CA

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 Automotive, and Energy Generation and Storage segments. 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. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through the following segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

The AES Corp. Alternative Energy - Arlington, VA

The AES Corporation (NYSE: AES) is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 27 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. Our power plants encompass a broad range of technologies and fuel types, including coal, diesel, hydropower, gas, oil, wind and biomass. Our utilities power several diverse markets, from São Paulo to Indianapolis to Douala. Combining deep local insight with a global presence and more than 30 years of experience, AES has a proven commitment to ensuring operational excellence in providing electricity to its customers.

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