We acted as the legal advisor to Wärtsilä in its acquisition of Eniram Group. The acquisition of Eniram will enable Wärtsilä to grow and strengthen its digital offering and in-house capabilities, specifically in data analytics, modelling and performance optimisation. The transaction is valued at EUR 43 million.
Eniram, founded in 2005, is a Finland-based technology company providing the maritime industry with energy management and analytics solutions to reduce fuel consumption and harmful emissions. The company’s solutions are installed in over 270 vessels ranging from cruise liners, tankers, LNGs, container ships, bulkers and ferries. Eniram is headquartered in Helsinki, Finland and has subsidiaries in the UK, the USA, Germany and Singapore. In 2015, Eniram’s turnover exceeded EUR 10 million with 89 employees worldwide.
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. In 2015, Wärtsilä’s net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.