EMEA News
Wartsila Buys Gas Tech Company Puregas
Wednesday October 4, 2017
Finnish engineering company Wartsila has acquired Swedish technology outfit Puregas Solutions.
Wartsila manufactures marine engines including units that can run on liquified natural gas.
Puregas converts raw biogas to biomethane and renewable natural gas.
Wartsila said the move would provide it with "added equipment and expertise in biogas upgrading, and will complement the company's existing position in the biogas liquefaction market".
In the larger context, "the merging of the two companies will expand Wärtsilä's overall reach in the gas value chain", according to the company.
The deal was priced at EUR29 million ($34 million).
