Wärtsilä to divest Water & Waste business to Swedish company

Finnish Technology group Wärtsilä decided to divest its Water & Waste business to the Swedish investment company Solix Group AB, said the company in a press release on Thursday.

Subject to approvals, the transaction of Water & Waste is expected to be completed in the third quarter of 2026.

Following this, Wärtsilä will have completed the divestment of all business units included in its Portfolio Business.

“Wärtsilä Water & Waste has developed a broad range of specialised and proven environmental solutions for marine. Building on our earlier collaboration with Solix, Water & Waste will be well positioned to develop further and ensure continued value creation for its customers and highly skilled team,” said Bernd Bertram, Head of Portfolio Business, Wärtsilä in the press release.