Major Milestones in the History of Wärtsilä throughout the World Last Modified 04.06.2008

Major Milestones in the History of Wärtsilä throughout the World

History

Wärtsilä: Over 170 years of Excellence

  • 1834 Wärtsilä was established in the Municipal District of Tohmajärvi, Finland.
  • 1898 The sawmill and metalworking company of those days was renamed Wärtsilä Ab.
  • 1936 Wärtsilä acquired the Onkilahti engineering shop in Vaasa, Finland.
  • 1938 Wärtsilä signed a licensing agreement and brought out our company’s first diesel engine at Turku, Finland, in 1942
  • 1965 The company was renamed Oy Wärtsilä Ab.
  • 1978 The acquisition of a 51% interest in the business of NOHAB was completed; the remaining shares were then acquired in 1984.
  • 1984 Wärtsilä was listed for trading on the London Stock Exchange.
  • 1988 A company was established in India and listed on the Bombay Stock Exchange.
  • 1989 Wärtsilä Diesel acquired the French company SACM, a manufacturer or high-speed engines, and Stork Werkspoor B.V. was renamed Stork-Wärtsilä Diesel B.V.
  • 1990 Wärtsilä merged with the Lohja Corporation, and was later renamed Metra Corporation.
  • 1995 Wärtsilä Diesel and Cummins Engine Company Inc. established an alliance.
  • 1997 With the merger of Wärtsilä Diesel, New Sulzer Diesel and Diesel Ricerche, Wärtsilä Corporation rose to the position of the market leader.
  • 1999 The Cummins-Wärtsilä alliance was concluded.
  • 2000 Wärtsilä NSD and John Crane-Lips signed an alliance agreement. The Metra Group was renamed Wartsila Corporation.
  • 2001 Wärtsilä acquired the services company Ciserv Ab.
  • 2002 The Ciserv Group expanded its offices in Singapore, Denmark and Canada.
  • Wärtsilä acquired John Crane Lips, which was then operated under the name of Wärtsilä Propulsion.
  • 2003 Wärtsilä and Volvo Penta signed a cooperation agreement.
  • 2004 Wärtsilä’s propeller company in China started up production. Wärtsilä launched its new engine Wärtsilä 46F on the market at the Hamburg Trade Fair.
  • 2005 The company acquired Deutz Marine and its marine engine service business.