Yaskawa Siemens Automation & Drives Corp.

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).

Yaskawa Electric Corporation signed a share transfer agreement on July 12, 2018 to acquire all shares held by Siemens in the joint venture Yaskawa Siemens Automation Drive (YSAD), making it a wholly owned subsidiary effective November 1, 2018. The new company will be named Yaskawa Automation Drive (YAD).