Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround

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Wärtsilä Corporation, Stock exchange release, 17 October 2022 at 09:45 EEST

Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround

Wärtsilä Corporation strengthens its lifecycle offering by integrating the Voyage business into Marine Power as a business unit. The President of Wärtsilä Voyage Mr Sean Fernback will leave the company and he will be succeeded by Mr Hannu Mäntymaa (45), (M.Sc.Eng) with immediate effect. Mr Mäntymaa, currently VP, Performance Services in Wärtsilä Marine Power, will take over to lead the integration process until year-end and will join Wärtsilä’s Board of Management for the interim period. He will then continue as the Head of the future Voyage business unit as the integrated organisation becomes effective as of January 1, 2023. With the same starting date, the financial figures of the Voyage business unit will be consolidated into Marine Power financials.

“During the last years Voyage has taken important steps to bring together the teams and competences from several Wärtsilä acquisitions in the marine digital space. During the same period the Voyage business has been severely impacted by the pandemic and recently the closure of Wärtsilä’s operations in Russia. However, the turnaround of Voyage continues, and the intention is to accelerate these efforts through the outlined changes. By linking the unique digital expertise in Voyage with our well-established Performance Services, we take the next step in creating end-to-end digital solutions for maritime customers. With this offering we can further optimise marine operations for lower costs and reduced emissions. Customers can benefit from Wärtsilä’s unique set of capabilities, combining the optimisation of vessel operations with ports traffic management and performance-based services for port-to-port operations.

I would like to thank Sean for his important contribution in developing the current Voyage business and for leading the operations during the past two challenging years. Now we are taking the next step to further integrate our marine offering, and I wish Hannu the best of success in this important role”, says President and CEO of Wärtsilä Corporation Håkan Agnevall.

For further information, please contact:

Atte Palomäki
Executive Vice President, Communications, Branding & Marketing
Tel: +358 10 709 5599

Wärtsilä in brief

Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve their environmental and economic performance. Our dedicated and passionate team of 17,000 professionals in more than 200 locations in 68 countries shape the decarbonisation transformation of our industries across the globe. In 2021, Wärtsilä’s net sales totalled EUR 4.8 billion. Wärtsilä is listed on Nasdaq Helsinki.