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Yaskawa buys Siemens' stake in Yaskawa Siemens Automation & Drives joint venture · Endata

◂ Announcements

Oct 10, 2018ACQUISITIONJapan

Yaskawa buys Siemens' stake in Yaskawa Siemens Automation & Drives joint venture

Yaskawa is purchasing Siemens' shares in their joint venture Yaskawa Siemens Automation & Drives (YSAD), giving Yaskawa full control. The transaction takes effect November 1, 2018, and the company will be renamed Yaskawa Automation Drives (YAD).

Status

Announced

Productsindustrial drivesautomation equipment

CompaniesSiemens target Yaskawa acquirer Yaskawa Siemens Automation & Drives Corp. target

Sectors#Automation and Robotics

“Transakcja ta daje firmie pełną kontrolę nad działalnością spółki YSAD, która stanie się całkowicie zależna od Japończyków z dniem 1 listopada.”ep.com.pl

1 source
ep.com.plYaskawa kupuje udziały Siemensa w spółce joint venture Yaskawa Siemens Automation & Drives | EP.com.plElektronika PraktycznaOct 10, 2018

Summarized from public sources; check the original articles before acting on it.

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