Wärtsilä divests its pumps business

Wärtsilä divests its pumps business

The 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 organisation and became part of the company along with the acquisition of Hamworthy in 2012. The Wärtsilä Pumps business recorded sales of approximately 50 MEUR in 2017.

The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision. This is based on the rapid introduction of new technologies, which are creating unprecedented levels of efficiency and cost savings. Wärtsilä is committed to leadingthe industry’s transition towards a smart marine ecosystem through the extensive use of digitalisation and connectivity, as well as deep collaboration with customers and partners.

Headquartered in Aalborg, Denmark, Wärtsilä Pumps designs, manufactures, and markets primarily deepwell and in-line pumps to the marine and oil & gas industries. The company has had a market presence for more than 100 years, and its brands include Svanehøj, Hamworthy Pumps, Eureka and Dolphin. Its leading products are used in mission critical applications, such as cargo offloading, fuel gas handling, ballasting, engine cooling, fire protection and exhaust gas cleaning, where easy access and safe handling of the equipment is of extreme importance.

“Pumps will continue to be an integral part of Wärtsilä’s various gas and fuel gas systemsolutions. We foresee a strong future for this business with a dedicated new owner who will become an important supplier to Wärtsilä,” says Timo Koponen, Vice President, Processing Solutions, Wärtsilä.

Wärtsilä Pumps has legal assets in Denmark and Singapore, which together representa significant share of its operations. Most of the business’s 230 employees are locatedin those countries. Additionally, there are some 20 people employed in Wärtsilä subsidiaries in five countries, and in production facilities in China.

More news

Our latest news provides you with information from our world of deepwell and in-line pump technology.

GENERAL NEWS

“The end goal is to have the pump solutions delivered to customers on time”

Meet Senior Production Planner Kwee Lian, who has been involved with production planning at Hamworthy Pumps for almost 30 years.   Senior…

Read more
GENERAL NEWS

Tom is Hamworthy Pumps’ anchor-man in the Nordic and Baltic countries

Tom Sverre Knutsen has been a veteran in marine industry for the past 37 years with last 14 years in Hamworthy Pumps…

Read more
Newsletter

Hamworthy Pumps newsletter #4 2021

Hamworthy Pumps reaches out to all Defence clients After successful wins with both The Royal Navy and The US Navy, Hamworthy Pumps…

Read more