Finnish technology group Wärtsilä announced it has reached a deal to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment firm Solix Group AB.
The transaction is expected to be completed in the second quarter of 2025, subject to approvals, Wärtsilä said. Financial terms were not disclosed.
Wärtsilä acquired ANCS in 2015 as part of Marine Systems International. ANCS specializes in providing hardware and software technologies for marine navigation and automation, including integrated navigation and automation systems, sensors, and dynamic positioning systems. Its annual revenue was nearly 200 million euros in 2023, according to Wärtsilä.
Tamara de Gruyter, president, portfolio business and executive vice president, Wärtsilä said, “Having worked with Solix on some of our previous divestments, I am positive that ANCS will have a solid owner and a great environment to continue driving the business independently towards further success. This will benefit customers, partners, and the highly skilled ANCS professionals.”
