Yaskawa acquires Solectria; partnership to benefit renewable energy market

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WAUKEGAN, IL, July 17, 2014 -- Yaskawa Electric Corporation is set to soon acquire Solectria Renewables, LLC through its U.S. subsidiary, Yaskawa America Inc. Solectria Renewables will continue to operate as a wholly-owned subsidiary.

Headquartered in Lawrence, Mass., Solectria manufactures high-performance photovoltaic (PV) inverters for residential, commercial and utility-scale power systems. The company was founded in 2005 and has established a position in the North American solar market.

Yaskawa Electric, founded in 1915, is a $3.6-billion global provider of factory automation solutions and has also established a position in the low-power PV inverter market in Japan.

This 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 expanded power electronics experience and an in-depth knowledge of medium- and high-voltage PV products to Yaskawa.

See also: "Solar Solutions: Utilities Harness Power of Sunlight to Reduce Costs, Save Energy"

About Yaskawa Electric Corporation

Yaskawa Electric Corporation located in Kitakyushu, Japan, is a global provider of factory automation solutions. Founded in 1915, the company has been providing exceptional customer experiences for almost 100 years. Focusing on mechatronic solutions, Yaskawa has shipped over 20 million AC inverters, 13 million servo motors and 290,000 robots worldwide. Yaskawa America Inc. is a wholly-owned subsidiary of Yaskawa Electric Corporation, founded in 1967. For more information, visit www.yaskawa.com.

About Solectria Renewables

Solectria Renewables, LLC specializes in the development and manufacturing of a wide range of inverters for renewable power applications, including 1.8kW to 500kW grid-tied PV inverters for systems that range from 1kW to multi MW. Solectria Renewables has a 20-year background in inverters and other electronic power systems for harsh environments. All Solectria Renewables' three-phase inverters, string combiners and web-based monitoring components qualify as Made in the U.S. For more information, visit www.solren.com.

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