Euroatlas is part of W\u00e4rtsil\u00e4\u2019s Portfolio Business, which consists of multiple independently run business units, focused on accelerating performance and unlocking value through divestments or other strategic alternatives.<\/p>\n
In this transaction, MCF advised on the demerger and carve-out of the Euroatlas business into a separate legal entity. Potential buyers from a variety of geographies were approached during 2020 with COVID-19 issues leading to several foreign buyers withdrawing from the process. The deal team from several MCF offices managed to raise sufficient interest from various parties with Mimir being identified as the best future owner of Euroatlas and ensuring that the business will continue to operate out of its current location in Bremen, Germany. Going forward, Mimir will focus on scaling Euroatlas, serving existing and new customers with its strong portfolio of competences and knowhow.<\/p>\n
The transaction was closed on 31 July 2021.<\/p>\n
Euroatlas provides its global customer base with tailormade solutions for high performance power conversion in naval, aviation and mobile land-based applications requiring highest reliability and power density and leading-edge energy efficiency under harsh environmental conditions. Products and services include original design, retrofits, upgrades, maintenance, spare parts and education. The company became part of\u202fW\u00e4rtsil\u00e4\u202fthrough the acquisition of L-3 Communications MSI in 2015, and\u202fhas 79 employees based\u202fin Bremen, Germany.<\/p>\n
Tamara de Gruyter,\u202fPresident of W\u00e4rtsil\u00e4\u202fMarine Systems and Head of Portfolio\u202fBusiness\u202fsaid: \u201dWe\u202fare very pleased to have come to an agreement to sell\u202fW\u00e4rtsil\u00e4\u2019s\u202fEUROATLAS business to Mimir.\u202fAs the business has limited synergistic links with W\u00e4rtsil\u00e4, we believe that under new ownership the company gets an opportunity to further drive their business success independently.\u201d<\/p>\n
W\u00e4rtsil\u00e4 is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, W\u00e4rtsil\u00e4 maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, W\u00e4rtsil\u00e4’s net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. W\u00e4rtsil\u00e4 is listed on Nasdaq Helsinki.<\/p>\n
Mimir is a global investment firm acquiring non-core business units of large corporations and private companies that need operationally oriented ownership. The Mimir group has operations in 20 countries across the world and 1,000 employees.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Deal Euroatlas is part of W\u00e4rtsil\u00e4\u2019s Portfolio Business, which consists of multiple independently run business units, focused on accelerating performance and unlocking value through divestments or other strategic alternatives. In this transaction, MCF advised on the demerger and carve-out of the Euroatlas business into a separate legal entity. Potential buyers from a variety of […]<\/p>\n","protected":false},"author":1,"featured_media":4115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions"],"acf":[],"yoast_head":"\n