Wartsila's Smart Marine Ecosystem concept. Image courtesy of Wartsila.
Technology group Wärtsilä has announced that their acquisition of Transas has been finalized — and control of the company will be transferred to Wartsila effective from May 4, 2018.
Transas, headquartered in the UK, is a market leader in marine navigation solutions, leveraging the latest in machine learning and AI to create a unified cloud-based platform for managing operations across the entire marine ecosystem.
With the acquisition of Transas, Wärtsilä is looking to achieve its mission of enabling sustainable societies with smart technology and disrupting the industry with the establishment of a “Smart Marine ecosystem” — a secure, cloud-based future for the industry developed through the application of machine learning and AI.
President of Wärtsilä Marine Solutions, Roger Holm, commented: “Combining Transas with Wärtsilä will bring the Smart Marine Ecosystem many steps forward.
It is a very positive move for both parties, and we welcome the Transas team into our organization.”
Read the Port Technology technical paper, “The Singularity: Unifying Technology”, for a discussion of the impact the exponential development of technology will have on the industry
Transas currently employs approximately 1000 workers across 22 regional offices, with annual sales of around $172.4 (€140 million), which will all be integrated into Wärtsilä’s business.