Wärtsilä has announced that it has agreed to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group.
The ANCS division delivers hardware and software technologies for marine navigation and automation, including integrated navigation and automation systems, sensors and dynamic positioning.
Wärtsilä acquired ANCS in 2015 as part of Marine Systems International. In 2023, the annual revenue of ANCS was close to €200 million.
“ANCS is a leading system and services provider in marine navigation and automation,” said Tamara de Gruyter, President, Portfolio Business and Executive Vice President, Wärtsilä.
“Having worked with Solix on some of our previous divestments, I am positive that ANCS will have a solid owner and a great environment to continue driving the business independently towards further success. This will benefit customers, partners, and the highly skilled ANCS professionals.”
Subject to approvals, the company says that the transaction is expected to be completed in the second quarter of 2025.
