Wärtsilä divests JOVYATLAS business to Jacob Waitz Industrie
September 24, 2020
Wärtsilä, a provider of intelligent technology and end-of-life solutions, has sold its 100% stake in Wärtsilä JOVYATLAS to Germany-based industrial firm Jacob Waitz Industrie. The divested business manufactures UPS systems, rectifiers, transformers i.a, and has 125 FTEs. The business delivered sales of EUR 20m in 2019. VP Tamara de Gruyter also said that “Wärtsilä will focus on its core business, and ensure that non-core companies can grow further.
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