ABB_id2059
in News Departments > New & Noteworthy
print the content item

In what the participants describe as a complementary acquisition, Japan-based motion control and robotics service provider Yaskawa Electric Corp. has signed a definitive agreement to buy Vantaa, Finland-based The Switch, a supplier of megawatt-class permanent-magnet (PM) generator and full-power converter packages.

A purchase price was not disclosed, and the deal is expected to close within a few weeks.

According to Yaskawa, the company had been focusing on growing its market share in the renewable energy, marine and industrial applications sectors over the past few years. In autumn 2013, the two companies entered a strategic collaboration agreement whereby Yaskawa gained access to The Switch's capability in megawatt-class power generation and The Switch was able to develop its presence in Japan.

The product portfolios of both The Switch and Yaskawa are complementary, notes The Switch. For example, PM machines and low-voltage converters from The Switch range from 500 kW to more than 8 MW, whereas Yaskawa offers medium-voltage converters that extend the offering to large wind turbines and other applications. Yaskawa's global network will be used to promote The Switch’s products in wind power, marine and industrial applications.

According to The Switch, the brand will continue as its own entity for selected markets and applications. Given the challenges in the renewable energy markets, the acquisition by Yaskawa will give The Switch the backing needed to enable it to continue along its growth path.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015