About Wartsila
Wartsila is a company based in Vaasa (Finland) founded in 1834 was acquired by Vinci in July 2025.. The company has 18,340 employees as of December 31, 2024. Wartsila has completed 12 acquisitions, including Burriel Navarro, Eniram and Greensmith Energy. Wartsila offers products and services including Marine Engines and Energy Solutions.
- Headquarter Vaasa, Finland
- Employees 18340 as on 31 Dec, 2024
- Stage Public
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Wartsila Oyj Abp
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Annual Revenue
$6.7 B (USD)7.22as on Dec 31, 2024
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Net Profit
$522.56 M (USD)95.72as on Dec 31, 2024
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EBITDA
$796.83 M (USD)32.01as on Dec 31, 2024
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Latest Funding Round
$674.23 K (USD), Grant
Sep 15, 2021
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Investors
BlackRock
& 3 more
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Employee Count
18340
as on Dec 31, 2024
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Investments & Acquisitions
Burriel Navarro
& 11 more
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Acquired by
Vinci
(Jul 17, 2025)
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IPO & Listings of Wartsila
Wartsila is a publicly listed company on the OMXHEX with ticker symbol WRT1V in Finland, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Wartsila
Wartsila offers a comprehensive portfolio of products and services, including Marine Engines and Energy Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engines and propulsion systems are supplied for vessels to ensure efficiency, reliability, and environmental performance.
Balancing engine power plants and hybrid solutions are delivered to manage energy systems and support decarbonisation efforts.
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Sales and Marketing
63 people
Leadership Team
43 people
Human Resources and Administration
42 people
Software Development Team
41 people
Product Management Team
26 people
Finance and Accounting
23 people
Senior Team
19 people
Business Team
18 people
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Funding Insights of Wartsila
- Total Funding Total Funding
- Total Rounds 20
- Last Round Grant — $674,229
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Grant - Wartsila | Valuation |
investors |
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| Jun, 2021 | Amount | Grant - Wartsila | Valuation |
investors |
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| Feb, 2021 | Amount | Grant - Wartsila | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wartsila
Wartsila has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include BlackRock, VINCI and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location | |
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Innovation, internationalization, and investment support for businesses is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wartsila
Wartsila has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include Burriel Navarro, Eniram and Greensmith Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of capture biogas upgrading systems
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2011 | ||||
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Energy storage software and analytics solutions for grids are provided.
|
2008 | ||||
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Management platform for ports and vessel traffic is developed.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wartsila
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wartsila Comparisons
Competitors of Wartsila
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wartsila
Frequently Asked Questions about Wartsila
When was Wartsila founded?
Wartsila was founded in 1834 and raised its 1st funding round 177 years after it was founded.
Where is Wartsila located?
Wartsila is headquartered in Vaasa, Finland.
How many employees does Wartsila have?
As of Dec 31, 2024, the latest employee count at Wartsila is 18,340.
What is the annual revenue of Wartsila?
Annual revenue of Wartsila is $6.7B as on Dec 31, 2024.
What does Wartsila do?
Wartsila was founded in 1834 in Vaasa, Finland, as a manufacturer in the energy and marine sectors. Operations span 70 countries, with products such as power plants, propulsion systems, compressors, gas solutions, and hybrid technologies being supplied. Maintenance services are extended to corporate clients. In 2018, revenues reached 6.1 billion, alongside a net profit of 455 million.
What products or services does Wartsila offer?
Wartsila offers Marine Engines and Energy Solutions.
Is Wartsila publicly traded?
Yes, Wartsila is publicly traded on OMXHEX under the ticker symbol WRT1V.
How many acquisitions has Wartsila made?
Wartsila has made 12 acquisitions, including Burriel Navarro, Eniram, and Greensmith Energy.
Who are Wartsila's investors?
Wartsila has 4 investors. Key investors include BlackRock, VINCI, European Union, and Business Finland.
What is Wartsila's ticker symbol?
The ticker symbol of Wartsila is WRT1V on OMXHEX.