Wärtsilä plans to sell its Gas Solutions unit to Mutares, supporting portfolio optimisation and enabling future growth under specialised ownership.
Wärtsilä has entered into an agreement to divest its Gas Solutions business to the German private equity firm Mutares SE & Co. KGaA, marking a significant step in Wärtsilä’s ongoing portfolio optimisation strategy. The transaction reflects Wärtsilä’s continued focus on streamlining its operations while enabling its business units to realise their full growth potential under specialised ownership.
The Gas Solutions division is widely regarded as a global leader in advanced gas technologies, offering a broad portfolio of systems and lifecycle services across the gas value chain. Its capabilities span gas handling for maritime transportation, inert gas systems for safety and efficiency, gas-to-power solutions supporting flexible electricity generation, and technologies for liquefaction and biogas production. Through these offerings, Gas Solutions plays a critical role in enabling cleaner energy transitions in both marine and land-based applications.
Operating on a worldwide scale, Gas Solutions has built a strong reputation for supporting customers in achieving sustainability goals. The business places a strong emphasis on lifecycle expertise, continuous innovation, and digitalisation, helping clients optimise performance, improve safety, and reduce emissions over the lifetime of their assets. These strengths have positioned the unit as a trusted partner for customers navigating the shift toward lower-carbon energy systems.
Gas Solutions has been managed as part of Wärtsilä’s Portfolio Business, operating independently with a mandate to enhance performance and unlock long-term value. This structure has allowed the unit to sharpen its strategic focus, strengthen operational efficiency, and prepare for ownership that aligns more closely with its growth ambitions. In 2024, Gas Solutions generated annual revenues of approximately EUR 300 million, underlining its solid market position and commercial resilience.
Commenting on the transaction, Bernd Bertram, Head of Portfolio Business at Wärtsilä, highlighted that the divestment demonstrates the successful execution of the company’s portfolio strategy. He noted that transferring ownership to Mutares will provide Gas Solutions with a robust platform to continue developing its business, while also benefiting customers and preserving opportunities for its highly skilled workforce. According to Bertram, the move reflects Wärtsilä’s commitment to ensuring that each business finds the most suitable environment for long-term success.
For Mutares, the acquisition represents an opportunity to invest in a technically advanced and well-established business with strong global reach. Known for supporting operational transformation and value creation, Mutares is expected to work closely with Gas Solutions to further strengthen its market position and pursue growth opportunities across energy and maritime sectors.
The completion of the transaction is subject to customary regulatory and other approvals. Assuming these conditions are met, the divestment is expected to close during the second quarter of 2026. Until then, Gas Solutions will continue to operate as usual, maintaining its focus on customer service, innovation, and sustainability.
