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Home  >  PHOTOVOLTAICS  > Yaskawa acquires Solectria Renewables, LLC...
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Jul 23rd, 2014
 
Yaskawa acquires Solectria Renewables, LLC
 
Yaskawa Electric Corporation and Solectria Renewables, LLC announced that the companies have reached a definitive agreement whereby Yaskawa Electric will acquire Solectria Renewables through its US subsidiary, Yaskawa America Inc. Solectria Renewables will continue to operate as a wholly owned subsidiary.
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  • Solectria manufactures high performance photovoltaic (PV) inverters for the residential, commercial, and utility-scale power systems

Headquartered in Lawrence, MA, Solectria manufactures high performance photovoltaic (PV) inverters for the residential, commercial, and utility-scale power systems. Since being founded in 2005, Solectria has grown to become a leader in the North American solar market. The company employs over 160 people throughout the United States.

Founded in 1915, Yaskawa Electric is a $3.6 billion global leader in factory automation solutions, and has also established a leadership 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 over 20 years of power electronics experience, ten dedicated to the PV industry, and an in depth knowledge of medium and high voltage PV products to Yaskawa.

 

 
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