Solix Group AB to acquire Wärtsilä's Automation, Navigation and Control System (ANCS) business

December 13, 2024

Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to Swedish investment company Solix Group AB. ANCS— a global provider of marine navigation, automation, sensors and dynamic positioning systems with ~€200m revenue in 2023—will transfer to Solix subject to approvals expected in Q2 2025.

Buyers
Solix Group AB
Targets
Automation, Navigation and Control System (ANCS) business
Sellers
Wärtsilä Corporation
Industry
Manufacturing
Location
Finland
Transaction Type
Divestiture

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