The history of Wärtsilä from 2001

2001

• Wärtsilä sells its 46.7% holding in Sanitec to Pool Acquisition Helsinki.
• Wärtsilä takes ownership of Swedish service company Ciserv Ab.
• Wärtsilä sells 20 million shares in Assa Abloy
• Wärtsilä expands into biopower and acquires Finnish company Sermet Oy, which specialises in small and medium-sized boiler plants running on biofuels, oil and gas.

2002

• Ciserv group expands with offices in Singapore, Denmark and Canada.
• Wärtsilä acquires a leading global supplier of marine propulsion systems, John Crane Lips, which will operate within Wärtsilä under the name Wärtsilä Propulsion.
• Wärtsilä increases its holding of Wärtsilä India Ltd. to 88.3%.
• Wärtsilä sells 10 million shares in Assa Abloy.

2003

• Wärtsilä increases its holding of Wärtsilä India Ltd. to 89.69%.
• Wärtsilä acquires Dutch marine service company Caltax Marine Diesel BV. Caltax will become part of the Ciserv group and will be named Ciserv Netherlands BV.
• Styria Group to buy Imatra Steel's Spring Works
• Wärtsilä sells its holding in Polar
• Wärtsilä to start propeller manufacture in China, Joint Venture with CME - Part of shipbuilding group CSSC

2004

• Wärtsilä announces to discontinue the production in Turku
• Lars Hellberg, BSc (Eng.) appointed new Group Vice President and Head of Engine division
• Cooperation agreement with maritime training academy AB Utbildning Sydväst Maritime in Turku, Finland
• Wärtsilä's Chinese propeller company starts production
• Group Vice President, CTO Matti Kleimola elected President of CIMAC
• Wärtsilä signs global IT service agreements with Accenture and HP
• Wärtsilä launches a new engine, the Wärtsilä 46F, at the SMM marine fair in Hamburg
• Auxpac generating sets enter the market. These take care of electricity supply on a vessel.
• Wärtsilä extraordinary shareholders'  meeting approves extra dividend and bonus issue. Wärtsilä's order intake continues to grow in October - November.
• Mr Raimo Lind and Mr Mikael Mäkinen appointed Executive Vice Presidents of Wärtsilä from 1 January 2005. Mr Lind also acts as deputy to the President and CEO.

2005

• Order book reached all-time high
• Acquisition of DEUTZ marine service
• Acquisition of automation company Gerhardt Holding Co. Inc, USA
• First global operations and maintenance contract in maritime industry with Reederei Blue Star GmbH, Germany
• Wärtsilä’s subsidiary Imatra Steel became a part of the new Ovako company, Wärtsilä’s ownership 26.5%
• Heerlen unit in the Netherlands sold to Smelt Heerlen Beheer B.V.
• Wärtsilä Land and Sea Academy opened a new training centre in Subic Bay in the Philippines
• Jaakko Eskola, Vice President, Sales and Marketing, Power Plants, appointed Chairman of the Board of Directors of WADE, World Alliance for Decentralized Energy
• Wärtsilä’s first wholly-owned production venture in China inaugurated in Wuxi 

2006

• License agreement with Brazilian company Nuclebras Equipamentos Pesados SA
• Acquisition of Kvaerner Power and Automation Systems AS (AKPAS) 
• Acquisition of business of Singaporean Total Automation Ltd
• Changes in Board of Management: Jaakko Eskola Group Vice President, Ship Power and Christoph Vitzthum Group Vice President, Power Plants
• Alliance between Wärtsilä Automation Norway and Emerson Process Management for the floating oil production market in automation
• Assembly and testing capacity to be increased in Vaasa and Trieste
• Wärtsilä Qiyao generating set factory inaugurated in China
• Wärtsilä, SKF and Rautaruukki sold Ovako
• Wärtsilä, China Shipbuilding Industry Corporation and Mitsubishi Heavy Industries in joint manufacturing of low-speed engines in China
• Investments in the Steerable Thrusters manufacturing in China and the Netherlands
• Acquisition of German ship design company Schiffko

2007

• Wärtsilä India Ltd was de-listed from the Bombay Stock Exchange on 18 June 2007
• Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (liquefied natural gas) carriers
• Acquisition of the Swedish company Senitec AB. The company specializes in environmental technology products for separating waste, such as oily water and sludge, in power plants, harbours and ships
• Acquisition of the entire business of Marine Propeller (Pty) Ltd in Cape Town, South Africa. Marine Propeller (Pty) Ltd focuses mainly on repairing propellers
• Aquisition of UK-based propeller repair company McCall Propellers Ltd
• Aquisition of the marine business of Railko Ltd. in the UK, a company specializing in stern tube bearing technology
• Acquisition of the Scottish company, Electrical Power Engineering (Scotland) Ltd. The company specializes in electrical power engineering solutions for the marine, offshore, industrial and utilities segments
• Opening of a service workshop and an office in Vietnam to serve the growing Vietnamese shipping, shipbuilding and power industries
• Opening of a new training centre in South Korea, the world’s largest shipbuilding country, to provide training for customers’ engineers
• Wärtsilä and Vietnam Shipbuilding Industry Corporation (Vinashin) signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine engines in Vietnam
• Wärtsilä and Bryansk Engineering Works (BMZ), signed a licence agreement for the manufacture of Wärtsilä low-speed marine diesel engines in Russia
• Wärtsilä and V.Ships, a company specialising in ship management, agreed to cooperate on the provision of a broad spectrum of marine technical services in the marine market
• Wärtsilä Ship Power was reorganised into five Ship Power customer segments: Merchant, Offshore, Cruise&Ferry, Navy and Special vessels. The aim is to better respond to market requirements and technology development, as well as to be prepared for market fluctuations 

2008

• Acquisition of the Norwegian company Maritime Service AS specialising in ship service and mechanical and reconditioning services. 
• Acquisition of the Danish company International Combustion Engineering A/S (I.C.E.) specialising in project engineering and the service and repair of steam boilers and ancillary burner systems.
• Acquisition of the German company Claus D. Christophel Mess- und Regeltechnik GmbH (CDC), specialising in the design, delivery and service of automation systems for ship owners and yards.
• Expansion of global offshore alliance with Emerson Process Management. 
• Acquisition of the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. 
• Joint venture with Manara Consortium called Manara Wartsila Power Ltd (MWP), which aims to become the leading developer of decentralised independent power producer (IPP) projects in Islamic countries.
• Acquisition of Navelec SAS, a French company specialising in marine navigation and communication systems, electrical marine services, and control and automation services. 
• Acquisition of Conan Wu & Associates Pte Ltd (CWA), a leading naval architecture and ship design company in Singapore. The deal also includes partnership agreements regarding CWA’s businesses in Malaysia and China. 
• Joint venture with Metso combining Metso’s Heat & Power business and Wärtsilä’s Biopower business. Metso owns 60% and Wärtsilä 40% of the joint venture. 
• Wärtsilä Services opened and expanded offices and workshops in Namibia, Chile, Brazil, Madagascar, Azerbaijan, China, Turkey and Dubai. 
• A decision was made to centralize spare parts logistics by building a new spare parts distribution centre in the Netherlands.
• The senior management of Wärtsilä Ship Power relocated to Shanghai to be closer to the main shipbuilding markets.

2009

• Wärtsilä among 100 most sustainable corporations in the world.
• EU approval for HERCULES-Beta Project to Wärtsilä and MAN Diesel. The project is a major international cooperative effort to maximise fuel efficiency combined with ultra-low emissions and to develop future generations of optimally efficient and clean marine diesel engines.
• Ownership of Italian company Wärtsilä Navim Diesel increased to 100 per cent.
• Ship Power business adjusted to reflect global marine market situation. 400-450 jobs to be reduced globally.
• Changes in Board of Management: Tage Blomberg, Group Vice President, Services, retired; Christoph Vitzthum appointed Group Vice President, Services and Vesa Riihimäki appointed Group Vice President, Power Plants.
• Global Manufacturing Technology Centre opened in Vaasa, Finland, to develop and share manufacturing knowledge.
• CEVA Logistics to manage and Swisslog to design and construct Wärtsilä's Central Distribution Centre in the Netherlands. Construction of the new centre begins.
• Wärtsilä joins UN Global Compact, the world's largest corporate responsibility initiative, and thus further consolidates its commitment to sustainable business practices, and to the compact’s underlying principles in the areas of human rights, labour, environment and anti-corruption.
• Service Centre opened in Murmansk, Russia and workshop in Stockholm, Sweden.