# BEMAC and Mitsui acquire 100% of The Switch Engineering

BEMAC Corporation, in partnership with Mitsui & Co., Ltd., has acquired 100% of the shares in The Switch Engineering Oy, a Finland-based supplier of special electric machines and high-power converters. The acquisition was finalized on February 21, 2024.

- Type: Acquisition
- Announced: 2024-02-20
- Where: Finland
- Status: completed
- Products: permanent magnet machines, marine drives, high-speed solid rotor induction motors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsui & Co.](https://endata.com/companies/10710.md) (acquirer)
- [Mitsui & Co.](https://endata.com/companies/10710.md) (partner)
- [BEMAC Corporation](https://endata.com/companies/11129.md) (acquirer)
- [The Switch](https://endata.com/companies/11130.md) (target)
- [The Switch Engineering Oy](https://endata.com/companies/23964.md) (target)

## Sources

- [theswitch.com](https://theswitch.com/2024/02/21/the-switch-welcomes-new-shareholders/), 2024-02-21: "The acquisition was finalized today, following a tripartite share purchase agreement signed last October."
- [theswitch.com](https://theswitch.com/2024/02/26/new-ownership-fuels-the-future-for-the-switch/), 2024-02-26: "On February 20, BEMAC Corporation and Mitsui & Co., Ltd. finalized their purchase of 100% of The Switch shares."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.