The Switch to Be Acquired by Yaskawa

By Eric Haun
Thursday, July 03, 2014
Image courtesy of The Switch

Yaskawa Electric Corporation, a company in motion control and robotics, today announced that it has signed a definitive agreement to acquire The Switch, a supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications. The estimated schedule for closing the deal is within a few weeks. The Switch brand will continue as its own entity for selected markets and applications.

The Japan-based Yaskawa System Engineering Division has been focusing on growing its market share in renewable, marine and industrial applications over the past few years. In autumn 2013, the two companies entered a strategic collaboration agreement whereby Yaskawa gained access to The Switch’s proven capability in megawatt-class power generation and The Switch was able to develop its presence in Japan.

“This acquisition is a natural next step forward from our initial strategic collaboration. Over the months, we have learned more about our strengths and now understand better how to leverage our synergies,” said Hiroyuki Ougi, Yaskawa’s Corporate Senior Vice President, General Manager, System Engineering Division.

The product portfolios of The Switch and Yaskawa complement each other for applications in renewables, marine and industry. Permanent magnet (PM) machines and low-voltage converters from The Switch range from 500 kW to 8.0+ 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.

“From our customers’ point of view, this acquisition ensures global availability of The Switch offering. Yaskawa is an industrial company that understands our strengths and shares our strategic views. With close cooperation with Yaskawa group we can further extend our offering and can serve better our customers in a broader range of wind and marine applications as well as numerous other industrial applications,” said Jukka-Pekka Mäkinen, President and CEO of The Switch.

theswitch.com

yaskawa.co.jp
 

  • Image courtesy of The Switch

    Image courtesy of The Switch

  • Image courtesy of The Switch

    Image courtesy of The Switch

  • Image courtesy of The Switch

    Image courtesy of The Switch

  • Image courtesy of The Switch

    Image courtesy of The Switch

  • Image courtesy of The Switch
  • Image courtesy of The Switch
  • Image courtesy of The Switch
  • Image courtesy of The Switch
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DP World Extends Title Sponsorship Until 2020

Dubai is set to remain at the epicenter of golf on The European Tour for the foreseeable future after global port operator DP World announced today that it will

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

HMAS Anzac Visits Portsmouth, UK

The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment.   Anzac departed Sydney in March 2015,

Marine Power

HMAS Anzac Visits Portsmouth, UK

The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment.   Anzac departed Sydney in March 2015,

Volume Up in Dutch Maritime Technology Sector

The Dutch maritime technology sector has had a good year. Turnover increased by 17%, from EUR 6.4 billion in 2013 to EUR 7.5 billion in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013.

Anglo-Eastern Signs Turbocharger Maintenance Deal

MAN PrimeServ Turbocharger, part of MAN Diesel & Turbo’s service division, has signed a Premium Turbocharger Maintenance Contract with Anglo-Eastern Ship Management.

News

DP World Extends Title Sponsorship Until 2020

Dubai is set to remain at the epicenter of golf on The European Tour for the foreseeable future after global port operator DP World announced today that it will

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

HMAS Anzac Visits Portsmouth, UK

The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment.   Anzac departed Sydney in March 2015,

Marine Equipment

Volvo Penta FWD Named One of Top Products

Boating Industry, the monthly U.S. boating business magazine, has selected Volvo Penta’s Forward Drive (FWD) as one of the top products of the year.   The

Registration for SHIPPINGInsight 2015 Now Open

Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition.   Now entering its fourth year, SHIPPINGInsight is an

Anglo-Eastern Signs Turbocharger Maintenance Deal

MAN PrimeServ Turbocharger, part of MAN Diesel & Turbo’s service division, has signed a Premium Turbocharger Maintenance Contract with Anglo-Eastern Ship Management.

Electronics

K-Sim Engine Chosen for Malaysia's Defense University

The National Defense University of Malaysia has selected Kongsberg Maritime’s Engine Room Simulator platform K-Sim Engine for its facility in Kuala Lumpur. The contract,

NAVTOR AS, Nautic AB Launch Complete Navigation Solution

E-navigation specialist NAVTOR has joined forces with Nautic AB, a provider of navigational equipment, charts and publications to the Swedish market, to launch NAVTOR NAUTIC AB.

Danelec to Lead Working Group in EU’s EfficienSea2

Danish marine electronics company Danelec Marine informs it will oversee a working group in the European Union (EU) EfficienSea2 maritime innovation project designed

Mergers & Acquisitions

Ferry Firm DFDS Looks to Expand

Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

Hanøytangen Deal Reached – Again

Agreement concluded for the sale of Hanøytangen; new ownership takes over as from today   Bergen Group has reached an agreement with Semco Maritime on sale of

Wind Power

US Builder Secures Wind Farm Supply Vessel Order

Rhode Island based shipbuilder Blount Boats signed a contract with Rhode Island Fast Ferry for the construction of a crew transfer vessel (CTV) that will operate for Deepwater Wind Block Island,

Tuco Receives Wind Farm Vessels Order

Tuco Marine’s 11m ProZero Wind Farm Service Daughter Crafts has been chosen for WINDEA's new Ulstein SOVs   Tuco Marine Group will supply its 11m ProZero Wind

Block Island Wind Crew Transfer Contract Awarded

Agreement enables high-speed catamaran ferry company Rhode Island Fast Ferry to commission first US-built crew transfer vessel, to be built by Blount Boats, and launch Atlantic Wind Transfers,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3934 sec (3 req/sec)