Solectria Renewables, a PV inverter manufacturer, and Yaskawa Electric, a provider of industrial control and automation products, recently announced that the companies have reached a definitive agreement whereby Yaskawa Electric will acquire Solectria Renewables through its U.S. subsidiary, Yaskawa America. Solectria Renewables will continue to operate as a wholly owned subsidiary.
“While this is a significant step for Solectria, I am even more thrilled about what this means for our customers,” says James Worden, CEO of Solectria Renewables. “They will have the same management team and personal interaction they are accustomed to, with the advantage of a powerful diversified global partner.”
The acquisition will benefit Yaskawa and Solectria customers alike. Yaskawa will bring scale, global sales and manufacturing facilities as well as diversification to Solectria. Likewise, Solectria will bring over 25 years of power electronics experience and an in depth knowledge of medium and high voltage PV products to Yaskawa.
“This is an effort to broaden Yaskawa’s exposure in the renewable energy market and expand the use of our technology expertise,” says Mike Knapek, Yaskawa America president and COO. “The philosophies and strategies of both organizations are highly aligned on enabling sales growth and market expansion through superior customer experiences.”
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