Yaskawa Europe to acquire majority shares of VIPA
December 27, 2012 by Manufacturing AUTOMATION
Yaskawa Electric Corporation has signed an agreement between its European subsidiary, YASKAWA Europe GmbH (YEU) based in Eschborn, Germany, and VIPA Gesellschaft für Visualisierung und Prozessautomatisierung mbH, based in Herzogenaurach, Germany, whereby YEU will acquire a majority of the shares of VIPA.
With the integration of VIPA into the YEU organization, Yaskawa is implementing its plan to complete 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, will enable Yaskawa to offer a comprehensive automation solution portfolio for a diverse set of markets.
“VIPA is a perfect fit for Yaskawa. There are no overlaps in our product portfolios, but they are very complementary with much synergies to be expected,” said Koichi Takamiya, CEO and regional head for Europe.
The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.