Wärtsilä headquarters in Helsinki
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Public | |
Traded as | Nasdaq Helsinki: WRT1V |
Industry | Manufacturing and service |
Founded | 12 April 1834 |
Headquarters | Helsinki, Finland |
Key people
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Products | Power plants, marine propulsion systems, maintenance services |
Revenue | €4.801 billion (2016) |
€532 million (2016) | |
Profit | €357 million (2016) |
Total assets | €5.391 billion (2016) |
Total equity | €2.288 billion (2016) |
Number of employees
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18 332 (2016 average) |
Website | www |
Wärtsilä /ˈværtsilæ/ is a Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include large combustion engines used in cruise ships and ferries. As of 2016 the company employed more than 18,000 workers in over 70 countries.
Wärtsilä has three main businesses; Energy Solutions focusing on the energy market, Marine Solutions focusing on the marine market and Services which is supporting both markets. Wärtsilä operates globally but its Marine Solutions division is heavily focused on Asia.
The company is headquartered in Helsinki.
The company services the merchant, offshore, cruise and ferry, naval, and special vessel markets, and the offering includes ship design, main and auxiliary engines, auxiliary power systems, electrical and automation packages, propulsors (such as water jets, thrusters, propellers, and nozzles), seals, bearings, gears, rudders, scrubbers, boilers, and all related services, such as repair, configuration, upgrading, training, maintenance, and environmental services.
Customers comprise both shipyards and ship owners. Wärtsilä Ship Power delivers everything from a single product to entire life cycle support, from initial building to operational use, of complex systems powering ships.