Wärtsilä has acquired ownership of Finnish energy management and analytics solutions provider Eniram at a cost of €43 million. The move, which is aimed at strengthening the engine maker’s in house digital portfolio – specifically for modelling and performance optimisation, was completed this morning (1 July 2016) following the signing of agreements on 30June. The solutions provider will initially continue as an independent business entity that will be supported by Wärtsilä’s global capabilities – a model similar to that used for the OEM’s Hamworthy acquisition back in January 2012.
“Eniram has world-class analytics capabilities, and by joining forces we can provide our customers an unbeatable offering on both the vessel and fleet level ... and truly complement the recently launched Wärtsilä Genius services portfolio,” says Pierpaolo Barbone, president, Wärtsilä Services. “Together we will enable our customers to optimise their assets and improve predictability, as well as support them with real-time analytics. Further product launches from Wärtsilä and Eniram are to be expected in the near future,”
Since it was established in 2005, Eniram has grown from strength to strength. Its existing solutions range from single onboard applications for trim, speed and engine optimisation to comprehensive fleet analysis, and are installed in over 270 vessels. In 2015, the company’s turnover exceeded EUR 10 million with 89 employees worldwide.
“Through this acquisition Wärtsilä takes a solid lead in marine digitalisation. Going digital plays a strong role in our strategy and supports our aim to make both Wärtsilä and our customers more competitive. For us it means growing organically and via acquisitions. We will build strategic partnerships, innovate with start-up companies and continuously recruit new people to strengthen our digital expertise,” commented Jaakko Eskola, president and CEO, Wärtsilä Corporation.