Wärtsilä divests pumps business
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Wärtsilä has announced that it 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 divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision.
In a statement, the company said that it is committed to leading the 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 niche pumps. primarily deepwell and in-line pumps, to the marine and oil and 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 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 system solutions. 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 represent a significant share of its operations.
Read the article online at: https://www.hydrocarbonengineering.com/product-news/01112018/wrtsil-divests-pumps-business/
You might also like
Low US distillate consumption reflects slow economic activity and biofuel substitution
The EIA reports that US distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the US West Coast (PADD 5).