News Release

Information Concerning Acquisition of Canadian System Integration Company

NewsSep 21, 2012

 YASKAWA Electric Corporation (President: Junji Tsuda) has decided to acquire the business operations of Wermac Electric (1994) Ltd., a system integrator based in Alberta, Canada. This move will give YASKAWA a stronger position in western Canada, where strong growth is foreseen in the oil and gas industry. The operations of Wermac Electric will become part of YASKAWA Motoman Canada, Ltd., a subsidiary of YASKAWA America, Inc., which is the regional headquarters for the Americas.

1. Purpose of acquisition

 With the world’s largest reserves of oil sand, Canada ranks among the most important locations for the oil industry in the Americas along with the southern United States, Colombia and Brazil. In Canada, there is a particularly high concentration of petroleum operations in the western provinces of Alberta and British Columbia.
 Wermac Electric is a system integrator based in Alberta, Canada that sells system products incorporating Yaskawa’s AC drives to companies in the oil industry of western Canada.
 By acquiring the operations of this company, Yaskawa can sell products directly in the growing Canadian oil industry using the YASKAWA brand. This is expected to lead to faster growth of the AC drive business in the Americas.

2. Outline of acquisition

(1) Wermac Electric (1994) Ltd.
 Sales        : 14.1 million Canadian dollars (about 1.1 billion) (year ended April 2012)
 Employees    : 27


(2) Subsidiary receiving operations
 Company Name  : YASKAWA Motoman Canada, Ltd.
 Activities     : Sales and service of AC drives, motion control products and robots
 Sales        : 31.1 million Canadian dollars (year ended February 2012)
 Employees    : 43
 Head Office    : 3530 Laird Road, Unit 3, Mississauga, ON L5L 5Z7, Canada


Corporate Communication Group
YASKAWA Electric Corporation


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