Wartsila Oyj Abp

XMUN:MTA

Business Description

Sector

Industrials

Industry

Machinery

Headquarters

Finland FI

Employees

17 938

IPO date

Jan 1, 1991

Wärtsilä makes equipment and services for ships and power plants. In marine, it sells ship engines, propulsion systems, automation, and navigation-related services that help vessels run safely and efficiently. In energy, it supplies engines, controls, and battery storage systems for power plants and grids.

Its main customers are shipping companies, shipyards, ferry and cruise operators, offshore and marine operators, as well as utilities and independent power producers. Wärtsilä earns money by selling new equipment, spare parts, maintenance contracts, upgrades, and long-term service agreements. A large part of its business also comes from helping customers keep older engines and systems running reliably over many years.

What makes Wärtsilä different is that it sits in the middle of the life cycle of heavy machinery. It does not just ship a product and walk away; it supports the installed base with service, software, and technical expertise. That gives it a mix of project sales and recurring service revenue in industries where downtime is expensive and reliability matters a lot.