News Release

Notice Regarding the Acquisition of Equity Interests (Subsidiarization) by Our Consolidated Subsidiary

NewsMar 26, 2026

 Yaskawa Electric Corporation (Head Office: Kitakyushu, Fukuoka; Representative Director and President: Masahiro Ogawa) announces that our consolidated subsidiary, Yaskawa AMERICA, Inc. (Head Office: Waukegan, Illinois, the United States; Chairman & CEO: Mike Knapek, hereinafter “Yaskawa America”), acquired 100% of the shares of Variadores S.A.S. (Head Office: Medellín, Colombia, hereinafter “Variadores”) on March 2, 2026. As a result of this acquisition, Variadores will become a wholly owned subsidiary of Yaskawa America.

 

1.Purpose of the Equity Acquisition

 Variadores sells industrial automation equipment. Variadores has partnered with Yaskawa America since 1991 and has handled Yaskawa’s Drives mainly in Colombia. The company holds the top market share in the region and supplies Yaskawa Drives in all the major industrial automation segments, including the oil and gas segment.

Yaskawa Electric and Yaskawa America decided to acquire equity interests in Variadores to strengthen co-brand value and expand sales.

 

2.Overview of Yaskawa America, Inc.

(1) Name

YASKAWA AMERICA, Inc.

(2) Address

2121 Norman Drive South Waukegan, IL 60085

(3) Title and Name of Representative

Chairman & CEO  Mike Knapek

(4) Business Description

Sales of electric machinery and equipment

(5) Capital

US$39 million (as of February 2025)

(6) Revenue

US$738 million (FY ended February 2025)

(7) Year Established

1967

(8) Major Shareholder and Shareholding Ratio

Yaskawa Electric Corporation (100%)

 

3.Overview of Variadores S.A.S.

(1) Name

Variadores S.A.S.

(2) Address

Cra. 51 #6-08, Guayabal, Medellín, Antioquia, Colombia

(3) Representatives

David Giraldo、Andres Tobon

(4) Business Description

Sales and manufacturing of industrial automation equipment

(5) Year Established

1987

(6) Relationship with Listed Companies and the Parties Involved

Capital relationship: None

Personnel relationship: None

Business relationship: Sells drive products through Yaskawa America

 

4Impact on Financial Performance

The equity acquisition will have minimal impact on the consolidated financial performance of Yaskawa

 

For inquires, contact:

Corporate Communications Dept.

YASKAWA Electric Corporation

E-mail: pr@yaskawa.co.jp

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