The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalised. Control of the company will be transferred to Wärtsilä effective from 4. May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value).
Wärtsilä, a global technology group headquartered in Finland, announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within a global maritime company in delivering its solutions, bringing scale and value to the industry in need of innovation leadership.
31 January 2018: Frank Coles, Chief Executive Officer of Transas, has won the prestigious inaugural SMART4SEA Leadership Award, recognising his outstanding contribution to transformative thinking in the maritime industry.
30 January 2018: Transas has launched its first package of applications built on THESIS, a unified cloud-based platform for managing operations across the full breadth of the maritime ecosystem. The advanced 'A-Suite' package also sets a new precedent by utilising the latest in machine learning techniques to reduce the potential for human errors on the bridge or poor decisions elsewhere in the vessel operational chain.