Wärtsilä Buys Trident

Wärtsilä has acquired Trident, a Dutch company specialized in underwater ship maintenance, inspection, and repair services.

The acquisition is expected to close in January 2018.

The acquisition enables the integration of Trident’s services with Eniram’s analytics. 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.

“This acquisition supports Wärtsilä’s strategy on several fronts, starting from Wärtsilä’s purpose to enable sustainable societies with smart technologies.” said Tamara de Gruyter, vice president, Area North Europe and Propulsion System Services, Wärtsilä Services.

“We are very excited to join Wärtsilä,” said managing director Adrie Huijbregts, Trident. “We have identified several synergies between the companies, such as the ability to develop more specific products due to increased knowledge, and thus provide an even more enhanced offering to our customers.”