Wärtsilä Acquires Guidance Marine LTD
By Jack Burke10 October 2017
Wärtsilä has acquired Guidance Marine Ltd., a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine offers marine industry sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations.
Terms were not disclosed.
Wärtsilä said it is committed to providing technologies needed to enhance ‘intelligent’ shipping, whereby digital solutions will greatly improve the efficiency, safety and profit earning capabilities of its maritime customers. The acquisition of Guidance Marine will enhance Wärtsilä’s capabilities in the area of situational awareness and near-field measurement, both essential for more intelligent vessel navigation.
“Guidance Marine’s core competencies are wide-ranging and include the development of sophisticated positional measurement sensors and systems for high accuracy control applications. These competencies complement our own activities in the field of radar technology, navigation and dynamic positioning, by joining forces we can certainly further accelerate the introduction of solutions that will take shipping into a new era of efficiency,” said Maik Stoevhase, director, Automation, Navigation & Communication, Wärtsilä Marine Solutions.
“Joining forces with the Wärtsilä Corporation presents an exciting opportunity for Guidance Marine to work alongside a major player in the marine industry. We are committed to continue serving all our customers, whilst at the same time looking forward to bringing them faster access to new products and technologies. This partnership provides a significant step change in developing the future of maritime positioning and navigation where the integration of multi-modal sensor technologies is a key factor in the delivery of ‘intelligent’ vessels,” said Jan Grothusen, CEO at Guidance Marine.
Founded in 1991, Guidance Marine has developed critical in-house capabilities, including a dozen patents for various technologies and a ready portfolio of closely related products. In its research and development activities, the company has also established strong connections with a number of leading UK universities. In 2016, Guidance Marine’s turnover was £6.3 million. Guidance Marine employs over 50 people worldwide.