Wärtsilä to build €200m Smart Technology Hub in Finland
August 24, 2018 – Wärtsilä will construct a €200mSmart Technology Hub, a new centre of research, product development and production, in Vaskiluoto, Vaasa, Finland.
The company’s functions and personnel in central Vaasa, along with the logistics and maintenance workshop operations from Runsor, will be transferred to the new hub by 2020.
As part of the project, Wärtsilä will invest €83m in modern testing and production technology for the hub.
The total investment in the Smart Technology Hub, consisting of office and factory buildings, logistics and infrastructure, will be around €200m.
Wärtsilä president and CEO Jaakko Eskola said: “This company was established in 1834 as a sawmill in the village of Värtsilä in Tohmajärvi, and now it is the global leader in smart technology and complete lifecycle solutions for the marine and energy markets.
“The Vaasa Smart Technology Hub represents another generational shift for us – it will bring Wärtsilä’s expertise into a whole new realm.”
The latest tangible step in Wärtsilä’s Smart Marine and Smart Energy visions, the Smart Technology Hub will enable more agile, more efficient testing and product development of solutions for the maritime, oil and gas industries, and new energy systems.
Wärtsilä director of R&D and engineering Hannu Mäntymaa said: “The Smart Technology Hub will become an important part of Wärtsilä’s worldwide network of centres of expertise.
“By sharing what we have learned in our various units, we will be able to provide our customers with even better products and services. We will develop processes at the Vaasa Smart Technology Hub, which we will be able to deploy in other locations.”
The Smart Technology Hub will facilitate collaboration between other operators in the sectors and researchers.
Wärtsilä said that the vision is to create a partners’ campus where research and product development take place together with Wärtsilä’s customers and suppliers, start-ups in the sector and universities.
Planning of the hub is underway, and the new centre is expected to open in 2020.