# BEMAC and Mitsui & Co agree to acquire The Switch group from Yaskawa

BEMAC Corporation, with Mitsui & Co., signed a share purchase agreement to acquire 100% of The Switch Engineering Oy and its group from Yaskawa Europe Holding. The Vaasa, Finland maker produces permanent magnet machines, DC distribution solutions, high-power AC drives and high-speed induction motors. The price was not disclosed.

- Type: Acquisition
- Announced: 2023-10-20
- Where: Vaasa, Finland
- Status: announced
- Products: permanent magnet machines, DC distribution solutions, high-power AC drives, high-speed induction motors, shaft generators
- 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) (partner)
- [BEMAC Corporation](https://endata.com/companies/11129.md) (acquirer)
- [The Switch](https://endata.com/companies/11130.md) (target)
- [Yaskawa Europe Holding](https://endata.com/companies/11131.md) (partner)

## Sources

- [theswitch.com](https://theswitch.com/2023/10/20/bemac-corporation-in-partnership-with-mitsui-co-to-acquire-100-of-the-switch-group/), 2023-10-20: "BEMAC, as majority shareholder, together with Mitsui have entered into a share purchase agreement to acquire 100% of the shares of The Switch from Yaskawa Europe Holding AB."

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