Finnish tech firm Wartsila announced on Monday that it has completed divestments of its gas solutions business to Mutares, following the agreement announced in December 2025, and its water and waste business to Solix Group, following the agreement announced in February 2026.
“As of June 1, 2026, these business units and their employees will transfer to their respective new owners,” Warstila said.
“By completing these divestments, Wartsila’s portfolio business will have no remaining business activities,” it said.
In 2023, Wartsila announced plans to sell its gas solutions business as part of efforts to further streamline its marine portfolio.
The business offers systems and comprehensive lifecycle solutions for the gas value chain.
Its core expertise includes handling of gas in maritime transport, inert gas systems, enabling gas-to-power, and delivering liquefaction and biogas solutions.
As part of Wartsila portfolio business, Wartsila Gas Solutions has operated independently to accelerate performance improvements and unlock value to Wartsila through divestment.
In 2025, the annual revenue of the business was 394 million euros ($457.1 million)
With this acquisition, Mutares strengthens its portfolio with a “market-leading” company in the energy sector, the company said in a separate statement.
“Driven by accelerating investments in energy security, LNG infrastructure, biogas, and decarbonization technologies, the global gas and energy infrastructure market is currently experiencing strong structural growth,” Mutares said.
“Increasing demand for cleaner transition fuels, rising geopolitical focus on resilient energy supply chains, and expanding decarbonization initiatives are creating substantial long-term opportunities for technology providers such as the acquired gas solutions business,” Mutares added.
