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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