Subscribe to our free, weekly email newsletter!


Yaskawa acquires Solectria Renewables, makers of solar power components

Founded in 2005, Solectria employs more than 160 people throughout the United States.
By Modern Materials Handling Staff
July 17, 2014

Yaskawa Electric Corporation and Solectria Renewables have announced a definitive agreement whereby Yaskawa Electric will acquire Solectria Renewables through its US subsidiary, Yaskawa America.

Solectria Renewables will continue to operate as a wholly owned subsidiary.

Headquartered in Lawrence, Mass., 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.

Yaskawa America president and COO, Mike Knapek, stated: “This is an effort to broaden Yaskawa’s exposure in the renewable energy market and expand the use of our technology expertise. Solectria has built a strong and successful organization in the solar inverter market over the past 10 years. The philosophies and strategies of both organizations are highly aligned on enabling sales growth and market expansion through superior customer experiences. We are very excited to bring Solectria into the Yaskawa family to provide world leading inverter solutions.”

Solectria CEO James Worden said, “While this is a significant step for Solectria, I am even more thrilled about what it means for our customers. They will have the same management team and personal interaction they are accustomed to, with the advantage of a powerful, diversified, global partner. Our entire team should feel incredibly proud about what we have built over the past 10 years, but the best is yet to come. “

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Effectively serving contemporary e-commerce demands of smaller, more frequent orders requires AS/RS technology designed for optimal storage volume, speed, flexibility and scalability.

Vocollect solutions are attractive because payback is typically 9-12 months and mobile workers appreciate being equipped to succeed in their job, boosting worker retention.

The company now has a network of eight regional service training centers across North America dedicated to training programs for Crown customers, dealers and employees.

This follows the opening of a London office earlier this year, and strengthens the company’s global presence in North America, Mexico, Latin America, Europe and South Africa.

As increasing awareness of environmental concerns permeates business operations, savvy companies are responding to customer, competitor and regulatory pressures to enhance their sustainability efforts.

Article Topics

News · Technology · Automation · Yaskawa America · All topics

About the Author

Josh Bond, Contributing Editor
Josh Bond is a contributing editor to Modern. In addition to working on Modern's annual Casebook and being a member of the Show Daily team, Josh covers lift trucks for the magazine.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA