Vinci Acquires Wartsila\u2019s Marine Electronics to Strengthen Defense Business
\n \t
\n
<\/BR>
\n
\n \t
\n
<\/BR><\/p>\n
\u00a0<\/p>\n
Vinici, which provides energy solutions, reports it has reached an agreement with Wartsila to acquire its Marine Electric Systems business unit, which will be used to enhance the company\u2019s position in the defense market and other industrial sectors. The sale is part of Wartsila\u2019s strategy announced in 2024 to divest of non-core businesses to unlock value in the company.<\/p>\n
The sale includes Wartsila SAM Electronics, a company based in Hamburg, Germany, which dates back to 1906 and today is focused on technologies for the maritime sector and energy markets. Vinci acquires the German company, which has approximately 350 employees and full-year revenues of approximately \u20ac100 million. Included in the transaction are related assets for a project being executed in Brazil.<\/p>\n
\u201cThis acquisition will enable Vinci Energies to expand its range of services in the industrial sector and to strengthen its position in the German defense market,\u201d said Vinci announcing the agreement.<\/p>\n
SAM Electronics provides complete electrical and electronic system packages for vessels, offering turnkey solutions with extensive systems integration competence, and acts as an EPC contractor for complete electrical packages, typically in close partnership with the shipyard. Its services range from design and planning to engineering and cable installation. It offers the capability to integrate with systems from multiple vendors and provides services across most sectors of the shipping industry.\u00a0<\/p>\n
Vinci emphasizes the opportunities with naval systems. SAM reports it has participated in many national and international projects. It highlights its contribution to the German Navy, demonstrated through its role with the Class 124 and 125 frigates, Class 130 corvettes, and Class 702 combat support ships. It mains offices in Hamburg, Elmenhorst, Wilhelmshaven, and Bremerhaven. Placing it close to many of the leading German shipyards.<\/p>\n
\u201cThis agreement is yet another proof point of our Portfolio Business divestment strategy coming to life,\u201d said Bernd Bertram, Head of Portfolio Business, W\u00e4rtsil\u00e4. \u201cVINCI Energies has deep expertise in complex project-based business and therefore is an ideal match for Marine Electrical Systems. I\u2019m confident that VINCI Energies will provide a solid platform for further business success for the benefit of the customers, partners, and the highly skilled professionals of Marine Electrical Systems.\u201d<\/p>\n
W\u00e4rtsil\u00e4 notes that the business had been operated independently to facilitate the divestment. The deal is expected to be completed in the last quarter of 2025.
\n\u00a0<\/p>\n<\/div>\n
\t
\n
<\/BR><\/p>\n