en.Wedoany.com Reported - Finnish technology group Wärtsilä has completed the sale of its Gas Solutions business to private equity firm Mutares, while also advancing the transfer of its Water & Waste business to Solix Group. Under agreements announced in December 2025 and February 2026, the relevant business units and employees have been transferred to their new owners as of June 1, 2026. Wärtsilä stated that following these two divestments, no remaining business activities will be retained in its portfolio.
Wärtsilä announced plans to divest its Gas Solutions business in 2023 as part of efforts to further streamline its marine portfolio. The business provides systems and lifecycle solutions for the gas value chain, with core expertise covering gas handling in maritime applications, inert gas systems, gas-to-power solutions, and liquefaction and biogas solutions. Previously operating independently as part of Wärtsilä's portfolio, Wärtsilä Gas Solutions was structured to accelerate performance improvement and unlock value for the group through divestment. In 2025, the business generated annual revenue of €394 million (approximately $457.1 million).
In a separate statement, Mutares said the acquisition strengthens its portfolio with a "market-leading" company in the energy sector. Mutares noted that the global gas and energy infrastructure market is experiencing robust structural growth, driven by accelerated investments in energy security, liquefied natural gas infrastructure, biogas, and decarbonization technologies. Additionally, growing demand for cleaner transition fuels, increasing geopolitical focus on resilient energy supply chains, and expanding decarbonization initiatives are creating significant long-term opportunities for technology providers such as the acquired Gas Solutions business.
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