By Redacción PortalCruceros.cl
Wärtsilä announced the sale of 100% of the shares of its entertainment business, Wärtsilä Funa GmbH, a Videlio SA, a French limited company.
Wärtsilä Entertainment is engaged in the field of design, manufacture, engineering and integration of entertainment systems, lighting, lighting control, cabin control, digital audio transmission and distribution, and cruise ship announcement systems.
The company became part of Wärtsilä as a result of the acquisition of L-3 Communications MSI in 2015 and has 172 employees in five countries, the majority based in Emden, Germany. Annual revenue was approximately € 50 million in 2020.
Tamara de Gruyter, President of Wärtsilä Marine Systems and Director of Portfolio Business, said that “we are very pleased to have reached an agreement to sell Wärtsilä’s entertainment business to Videlio, who is a well-known player in the market and we are confident that the combined offering and capabilities will serve customers even better. ”.
“The Wärtsilä Entertainment portfolio is synergistic and complementary to our own offering. We now have the ability to scale the business by serving new and existing clients with a broader portfolio of skills and knowledge. The acquisition is fully in line with our strategic plan and will accelerate our international development, particularly in Germany, ”he said. Robert Léon, Chairman of the Board of Videlio.