Wärtsilä to divest American Hydro
Wärtsilä Corporation, Press release, 28 December 2022 at 4.30 p.m. EETThe technology group Wärtsilä announces the divestment of American Hydro to Enprotech Corp, a wholly owned subsidiary of publicly traded ITOCHU Corporation (ITC).American Hydro offers custom hydropower refurbishment solutions and turbine services focusing mainly on North American markets. The company was founded in 1986 and became part of Wärtsilä in 2016. The annual revenues of the company were approximately USD 50 million in 2021.Tamara de Gruyter, President, Wärtsilä Marine Systems and Head of Portfolio Business