Company cites ’challenging years’ in explanation of product division’s repositioning
’Severe’ impacts from the Covid pandemic and Wärtsilä’s shuttering of operations in Russia following Russian President Vladimir Putin waging war on neighbouring Ukraine are among the reasons Wärtsilä lists in a rationale for moving its digital products division, Voyage, into its Marine Power division.
Formerly separate but linked wings of the business, the so-called ’integration’ of the two divisions has a deadline of 1 January 2023, according to Wärtsilä.
"The Voyage business has been severely impacted by the pandemic and recently the closure of Wärtsilä’s operations in Russia. However, the turnaround of Voyage continues, and the intention is to accelerate these efforts through the outlined changes. By linking the unique digital expertise in Voyage with our well-established Performance Services, we take the next step in creating end-to-end digital solutions for maritime customers," Wärtsilä said.
The decision also sees the replacement of Wärtsilä Voyage president Sean Fernback with Wärtsilä Marine Power vice president Hannu Mäntymaa. Mr Mäntymaa will lead the integration of the two divisions and will take an interim seat on Wärtsilä’s board of directors.
"Mr Mäntymaa will then continue as the head of the future Voyage business unit as the integrated organisation becomes effective as of 1 January 2023. With the same starting date, the financial figures of the Voyage business unit will be consolidated into Marine Power financials," Wärtsilä said.
Effectively, merging the two divisions will add the digital spheres of vessel operations optimisation and port traffic management software as well as performance-based services for port-to-port operations to the Wärtsilä Marine Power division’s bottom line.
As recently as early September, Wärtsilä Voyage announced a new initiative, launching a floating research and development (R&D) testbed vessel to field-test software in conditions that approximate real-world scenarios at sea.
Ahti will serve as a platform to test Wärtsilä Voyage’s own technologies and those belonging to the company’s technology partners. Trials will be conducted in changeable real-life sea conditions which can be difficult and costly to recreate in a laboratory environment.
Wärtsilä Voyage said creating a floating R&D facility helps cut down the cost and time barriers associated with real-life tests, returning meaningful results on a much lower risk and cost base than going into full-scale testing directly. The ship also creates a first-party resource where customers and technology partners can collaborate.
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