Wärtsilä sells German naval business navaltoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navaltoday.com Daily Mail and Mail on Sunday newspapers.
Wärtsilä to divest its Euroatlas business to Mimir
The technology group Wärtsilä announces the divestment of 100% of the shares in Wärtsilä Euroatlas GmbH, to Mimir, a global investment firm based in Sweden.
Wärtsilä Euroatlas is providing its global customer base tailormade solutions for high performance power conversion in naval, aviation and mobile land-based applications requiring highest reliability and power density and leading-edge energy efficiency under harsh environmental conditions. Products and services include original design, retrofits, upgrades, maintenance, spare parts and education.
The company became part of Wärtsilä as a result of the acquisition of L-3 Communications MSI in 2015 and has 79 employees, based in Bremen, Germany.