Wartsila Corp B Shs (WRTBF)

Wartsila Corp was established in 1864. The Company provides power solutions for the marine and energy markets. The Company's business is divided into three segments: Power Plants, Ship Power, Services. In Power Plants segment, it provides solutions for the marine industry that are environmentally sustainable, efficient, flexible, and economically sound. Its solutions are based on customers' needs and include products, systems and services.It offers multi-fuelpower plants, including baseload generation, peaking and load following operation, as well as dynamic system balancing and ultra-fast grid reserve. In Ship Power segment, it provides marine and oil & gas industry customers by products and integrated solutions that are safe, environmentally sustainable, efficient, flexible, and economically sound. In Services segment, it supports its customers throughout the lifecycle of their installations by optimising efficiency and performance. It provides the comprehensive portfolio of services and the broadest service network in the industry, for both the energy and marine markets The Company has three main customer segments: utilities, Independent Power Producers (IPP's) and industrial customers. Utilities supply electricity to residential, commercial, and industrial end users, whereas IPP's are financial investors investing in power plants and selling the generated power to utilities. Industrial customers are private companies in industries, such as mining, cement and oil & gas,investing in captive power plants The Company supports its customers throughout the lifecycle of their installations by optimizing efficiency and performance. It provides comprehensive portfolio of services, for both the energy and marine markets.