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Wartsila splits marine business in three ways to ‘simplify’ structure

Technology group Wartsila has set out a plan to redefine its marine business into three independent businesses in a bid to simplify its business structure.

The new business units consisting of Marine Power, Marine Systems and Marine Voyage will be operational from 1 July 2020.

“We have today the broadest offering for the marine markets, and I am confident that establishing three independent marine entities, with a stronger focus on the specific needs of their respective markets, will accelerate the execution of our Smart Marine strategy,” said Jaakko Eskola, president and ceo of Wartsila Corporation.

“Our customers will benefit from increased agility and speed in decision-making, as well as an even more empowered and effective frontline,” he added.

In the new operational model, Marine Power will focus on engine and propulsion solutions. Marine Systems’ offering will consist of gas solutions, exhaust treatment, marine electrical systems, as well as seals and bearings. Marine Voyage will provide navigation solutions, simulation and training solutions, fleet operation solutions, and ship traffic control solutions.

Wartsila pointed out that the evolution of the organisational structure is a continuation to the changes made in 2019, where it had reorganised into two business units comprising Wartsila Marine Business and Wartsila Energy Business.

The Wartsila Energy Business will continue in its current form, which aims to lead the transition towards a 100% renewable energy future.

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