Yaskawa's Automation Solutions Portfolio Strengthens With Acquisition of Majority Shares of VIPA
Yaskawa Electric Corporation ("Yaskawa") signed an agreement between its European subsidiary, Yaskawa Europe GmbH ("YEU") based in Germany, and VIPA Gesellschaft für Visualisierung und Prozessautomatisierung mbH ("VIPA"), also based in Germany, to acquire a majority of the shares of VIPA.
With this latest company integration, Yaskawa completes its product portfolio to become a 'Total Solution Provider.' A combination of VIPA's product portfolio of PLCs, I/O modules and HMI, with YASKAWA's inverter, AC servo and robot product lines, enables YASKAWA to offer a comprehensive automation solution portfolio for a diverse set of markets.
The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.