ShippingWatch

Wärtsilä pays EUR 210 million for UK-based navigation firm

Wärtsilä has acquired UK-based Transas, a supplier whose products include navigation systems for shipping, for EUR 210 million.

Photo: PR-foto/Wärtsilä

Finland's Wärtsilä, a major supplier of technology for shipping, has acquired UK-based Transas.

The acquisition price is EUR 210 million and the transaction is expected to be finalized in the second quarter of 2018. With the purchase, Wärtsilä is taking over 22 regional offices and 1000 employees.

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