Population and growth of the world economy are the two major factors that determine the demand for energy. By 2035, It s expected a global population growth of approximately twenty percent over the current population and a growth of the world economy around ninety percent. From such perspectives, several opportunities arise for companies in the energy sector. However, in order to meet them, resources are needed for the manufacture, distribution and sale of equipment, resources for operation, maintenance and support services, resources for research and development, in order to maintain competitive edge over competitors and meet increasingly stringent environmental regulations, as well as high financial funds to execute all such activities. An important alternative in the quest for such resources is the establishment of connections with other key players in the industry. The objective of this work is to contribute to research on global strategic connections - alliances and mergers and acquisitions – by means of a case study, identifying existing strategic connections between the company Wartsila and global key players in its value network, and analyzing its implications in the industry, in terms of constituting opportunities and/or threats. For this, it was used the Global Strategic Network Analysis framework of Macedo-Soares (2011). The results confirmed the strategic relevance and importance of the establishment of these connections in seizing opportunities and mitigating threats from the industry.