Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine

Wärtsilä Corporation, Press release, 10 October 2017 at 2 pm EEST

The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations.

Wärtsilä is deeply committed to providing technologies needed to enhance 'intelligent' shipping, whereby digital solutions will greatly improve the efficiency, safety and profit earning capabilities of its maritime customers. The acquisition of Guidance Marine will enhance Wärtsilä's capabilities in the area of situational awareness and near-field measurement, both essential for more intelligent vessel navigation.

"Guidance Marine's core competences are wide ranging and include the development of sophisticated positional measurement sensors and systems for high accuracy control applications. These competences complement our own activities in the field of radar technology, navigation and dynamic positioning, by joining forces we can certainly further accelerate the introduction of solutions that will take shipping into a new era of efficiency," says Maik Stoevhase, Director, Automation, Navigation & Communication, Wärtsilä Marine Solutions.

"Joining forces with the Wärtsilä Corporation presents an exciting opportunity for Guidance Marine to work alongside a major player in the marine industry. We are committed to continue serving all our customers, whilst at the same time looking forward to bringing them faster access to new products and technologies. This partnership provides a significant step change in developing the future of maritime positioning and navigation where the integration of multi-modal sensor technologies is a key factor in the delivery of 'intelligent' vessels," says Jan Grothusen, CEO at Guidance Marine.

Founded in 1991, Guidance Marine has developed critical in-house capabilities, including a dozen patents for various technologies and a ready portfolio of closely related products. In its research and development activities, the company has also established strong connections with a number of leading UK universities. In 2016, Guidance Marine's turnover was GBP 6.3m (EUR 7.0m). Guidance Marine employs over 50 people worldwide and is an internationally successful award winning company. It has a strong track record in delivering significant safety and cost benefits by bringing disruptive position measurement technologies to marine markets across several continents.

Media contacts:

Mr Maik Stoevhase
Director, Automation, Navigation & Communication & Integrated systems
Wärtsilä Marine Solutions
Tel: +49 4088 2527 01
maik.stoevhase@wartsila.com

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@wartsila.com

Wärtsilä in brief:
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
https://www.wartsila.com/