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Wärtsilä to build €200m Smart Technology Hub

Wärtsilä has announced plans to build a new €200 million Smart Technology Hub in Finland, which will act as a centre of research, product development and production for the company when it opens in 2020.

{mprestriction ids="1,2"}Wärtsilä says it will invest €83 million in modern testing and production technology for the hub, with the rest of the total outlay consisting of spending on office and factory buildings, logistics and infrastructure.

The Hub will be located in Vaskiluoto, Vaasa, and will house all of Wärtsilä’s functions and personnel in central Vaasa from 2020. Logistics and maintenance workshop operations located at the company’s Runsor facility will also transfer to the Hub at his time.

Wärtsilä is the largest private-sector employer in Vaasa with around 3,000 personnel employed, and the Vaasa unit is Wärtsilä’s largest single location. Wärtsilä has approximately 400 employees in Turku and almost 500 in Helsinki.

“Constant renewal is in Wärtsilä’s DNA,” said Wärtsilä president and CEO, Jaakko Eskola.

“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 company says it will open the Hub up to third party companies and researchers to collaborate on various projects, with the aim of creating a partners’ campus where research and product development take place together with Wärtsilä’s customers and suppliers, start-ups and universities.

“Amazing ideas do not just appear out of thin air,” said Vesa Riihimäki, managing director of Wärtsilä Finland Oy.

“By bringing together experts from different walks of life – both from business and from the university world – we will build an inspiring environment for new creativity.”{/mprestriction}

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