Friday, 23 March 2018 10:58

Wartsilia acquires Transas to advance Smart Marine Ecosystem

502 wartsilia

Finnish ship technology company Wartsila is buying navigation firm Transas for an enterprise value of 210 million euros (US$258 million) in an effort to move its digital marine vision forward. Wartsila and other companies including ABB, Cargotec and Rolls Royce have teamed up with an aim to bring remote controlled vessels to the Baltic Sea by 2020 and to have a fully autonomous commercial traffic system there by 2025. The merger will connect Transas' "THESIS" platform, which aims to give ship and shore a unified view of navigational data, with Wärtsilä’s "Smart Marine Ecosystem" program. The "ecosystem" vision seeks to introduce new technology to increase efficiency, and it includes a broad portfolio of solutions, from hybrid power to remote control to "smart ports."

Read 1761 times Last modified on Friday, 23 March 2018 11:13
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