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Wärtsilä acquires Transas

Finnish Wärtsilä acquired the UK based Transas. The transaction is valued at 210m Euros and is expected to be closed during the second quarter of 2018. This transaction is part of Wärtsilä's attempt to expand its Smart Marine Ecosystem vision. Transas has 22 regional offices worldwide and a distribution network that spans 120 countries.

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Maritime industry is ready to embrace automation

On the occasion of the Day of the Seafarer, Frank Coles, CEO of Transas, talks about the impact of the digital technologies on seafarers' role and welfare. Mr. Coles suggests that digitalization and automation will transform the industry by enhancing safety, but these are not enough to solve all safety-related problems, as crews with right skills and training is what the sector really needs.

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Rapid technological change forces industry to rethink its role

The Transas Global Conference was successfully concluded earlier this month in Malta addressing the imminent technological changes that are forcing shipping to rethink its role within the global supply chain. Frank Coles, CEO, Transas, opened the two-day Transas Global Conference in Malta highlighting the possibilities and pitfalls of the maritime sector’s fragmented approach to digitalization, and offering an integrated vision for the future of shipping.

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