Wärtsilä announces acquisition of Trident B.V.


HELSINKI -- The technology group Wärtsilä strengthens its service offering by acquiring Trident B.V., a Netherland based company specialized in underwater ship maintenance, inspection and repair services. Through the acquisition Wärtsilä becomes the first global operator in the underwater services market. The acquisition is estimated to be closed in January 2018. 

Wärtsilä has a long history in providing underwater services through partners. With this acquisition, the company builds in-house competence, captures the full potential of services' product synergies, and strengthens its position in the market.  

As a result, the acquisition enables the integration of Trident's services with Eniram's analytics. Wärtsilä expands its 'vessel-as-a-service' value offering to achieve maximum fuel savings by optimizing hull cleaning cycles. Eniram is a Wärtsilä company focusing on providing the maritime industry with energy management technology to reduce fuel consumption and emissions.

The enterprise value of the transaction is EUR 17.5 million and an additional EUR 3.5 million earn-out, based on the business performance in the coming years. The turnover of Trident is approximately EUR 9 million.

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