Wärtsilä (OTCMKTS:WRTBY) is a global leader in sustainable technology solutions for the marine and energy markets. The company designs, manufactures and services power plants, engines, propulsion systems and related equipment that enable efficient and environmentally responsible operations for shipping companies, power producers and industrial customers. Through its comprehensive portfolio, Wärtsilä helps clients optimize performance, reduce emissions and capitalize on emerging opportunities in renewable energy integration and digitalization.
In the marine sector, Wärtsilä offers integrated solutions encompassing engines, propellers, thrusters and water treatment systems, as well as digital tools for fleet and voyage optimization. The company’s aftermarket services include maintenance, spare parts, repairs and upgrades aimed at maximizing vessel availability and lifecycle value. On the energy side, Wärtsilä supplies flexible power plants and energy storage systems that support grid stability and facilitate the transition to a low-carbon energy mix. Its offerings span from modular gas engines to hybrid configurations that combine multiple fuel sources and battery technologies.
Founded in 1834 in the city of Värtsilä, Finland, Wärtsilä has evolved from a forest sawmill into a multinational engineering powerhouse. Over the decades, the company has expanded its footprint through strategic acquisitions and innovation-driven research, establishing regional hubs and production facilities across Europe, Asia, the Americas and Africa. Today, Wärtsilä’s solutions power hundreds of ports, power grids and offshore installations worldwide, reflecting its commitment to operational excellence and sustainability.
Wärtsilä is headquartered in Helsinki, Finland, and is led by President and CEO Håkan Agnevall, who assumed the role in 2021. Under his leadership, the company has intensified its focus on decarbonization, digital transformation and customer-centric service delivery. With a diverse leadership team and a presence in over 80 countries, Wärtsilä continues to drive innovation in marine propulsion and energy systems, supporting the global shift toward greener and more resilient infrastructure.
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