Wärtsilä splits business into shipping and energy divisions
With this change, Wärtsilä aims to deliver increased value to its customers by better serving their needs across the full lifecycle. The new organisational structure will be operational as of 1 January 2019.
Forming two business areas will enable Wärtsilä to accelerate growth and the implementation of the Smart Marine and Smart Energy strategies.
Integrating the newbuild and service activities enhances customer value by strengthening the focus on complete lifecycle solutions tailored to specific market needs. It also allows Wärtsilä to more effectively serve its customers with increased flexibility and faster response times.
Wärtsilä Marine Business will have approximately 13,100 employees and Wärtsilä Energy Business 5,500 employees. Restated net sales for the 12 months ended 30 June 2018 amounted to EUR 2.7 billion in Wärtsilä Marine Business and EUR 2.2 billion in Wärtsilä Energy Business. Wärtsilä will report according to the new organisational structure as of the first quarter of 2019. ■