Wärtsilä to divest Gas Solutions business to Mutares

Wärtsilä has agreed to divest its Gas Solutions business to German private equity investor Mutares SE & Co. KGaA.

Gas Solutions is a market-leading provider of systems and lifecycle solutions across the gas value chain. The business specialises in gas handling for maritime transport, inert gas systems, gas-to-power applications, and liquefaction and biogas solutions. Operating on a global basis, Gas Solutions supports customers’ sustainability goals through a strong focus on lifecycle expertise, innovation and digitalisation.

The unit has operated independently within Wärtsilä’s Portfolio Business to accelerate performance improvements and unlock value through a divestment process. In 2024, Gas Solutions generated EUR 300 million in annual revenue.

“This divestment is yet another proof point of our Portfolio Business divestment strategy coming to life,” said Bernd Bertram, Head of Portfolio Business at Wärtsilä. “With Mutares, Gas Solutions will have a strong platform to continue driving the business, for the benefit of its customers and the highly skilled Gas Solutions professionals.”

The transaction is subject to customary regulatory approvals and is expected to be completed in the second quarter of 2026.

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