Wärtsilä

Wärtsilä Corporation
Native name
Wärtsilä Oyj Abp
Company typePublic (Julkinen osakeyhtiö)
Nasdaq Helsinki: WRT1V
IndustryManufacturing and service
Founded12 April 1834 (1834-04-12)
HeadquartersHelsinki, Finland
Key people
ProductsPower plants, marine propulsion systems, maintenance services
Revenue €6.015 billion (2023)
€402 million (2023)
€364 million (2023)
Total assets €6.803 billion (2023)
Total equity €2.225 billion (2023)
Number of employees
17,666 (2023 average)
Websitewww.wartsila.com

Wärtsilä Oyj Abp (Finnish: [ˈʋærtsilæ]), trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technologies for the energy sector, including gas, multi-fuel, liquid fuel and biofuel power plants and energy storage systems; and technologies for the marine sector, including cruise ships, ferries, fishing vessels, merchant ships, navy ships, special vessels, tugs, yachts and offshore vessels. Ship design capabilities include ferries, tugs, and vessels for the fishing, merchant, offshore and special segments. Services offerings include online services, underwater services, turbocharger services, and also services for the marine, energy, and oil and gas markets. At the end of December 2023, the company employed 17,800 workers.

Wärtsilä has two main businesses; Energy Business focusing on the energy market, and Marine Business focusing on the marine market. The Marine Business is mainly present in Europe, China and East Asia, while its key Energy Business markets are South and South East Asia, the Middle East, Africa and Latin America. Wärtsilä has locations in around 80 countries, including the US, Brazil, Finland, Germany, South Africa, Singapore and China, but operates globally.

The company has signalled its intention to transform from an equipment maker to a smart marine and energy company, following acquisitions of companies such as Transas, Greensmith, Guidance Marine, and MSI, and the setting-up of "digital acceleration centres" in Helsinki, Singapore, Central Europe, and North America.

In 2023, Time named Wärtsilä one of the 100 most influential companies in the world.