Wärtsilä sheds pumps business to Solix Group

Wärtsilä sheds pumps business to Solix GroupImage courtesy of Wärtsilä

Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden.

Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organization and became part of the company along with the acquisition of Hamworthy in 2012, with the unit’s sales reaching approximately €50 million ($56.7 million) in 2017.

The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision, the company said in a statement on Wednesday.

Headquartered in Aalborg, Denmark, Wärtsilä Pumps designs, manufactures, and markets niche pumps, primarily deepwell and in-line pumps, to the marine and oil & gas industries.

The company’s brands include Svanehøj, Hamworthy Pumps, Eureka and Dolphin, with its products used in applications, such as cargo offloading, fuel gas handling, ballasting, engine cooling, fire protection and exhaust gas cleaning.

Speaking of the divestment, Timo Koponen, vice president, processing solutions at Wärtsilä, said, “Pumps will continue to be an integral part of Wärtsilä’s various gas and fuel gas system solutions.”

He added the company foresees a strong future for the business with the new owner becoming a supplier to Wärtsilä.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >