# Wärtsilä completes acquisition of Greensmith Energy Management Systems

Wärtsilä has closed the acquisition of Greensmith Energy Management Systems Inc., a grid-scale energy storage software and solutions provider, for USD 170 million. Greensmith will operate as a business unit within Wärtsilä Energy Solutions.

- Type: Acquisition
- Announced: 2017-07-03
- Value: $170.0M
- Status: completed
- Products: grid-scale energy storage software, integrated energy storage solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Wärtsilä](https://endata.com/companies/254.md) (acquirer)
- [Greensmith Energy Management Systems](https://endata.com/companies/24274.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/07/03/1037523/0/en/W%C3%A4rtsil%C3%A4-completes-acquisition-of-Greensmith-Energy-Management-Systems-Inc.html), 2017-07-03: "The acquisition of Greensmith positions Wärtsilä as a global leader in energy system integration and hybrid solutions."
- [wartsila.com](https://www.wartsila.com/media/news/03-07-2017-wartsila-completes-acquisition-of-greensmith-energy-management-systems-inc), 2017-07-03: "The acquisition of Greensmith positions Wärtsilä as a global leader in energy system integration and hybrid solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.