Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

BEMAC, Mitsui Ink Deal to Acquire The Switch

October 20, 2023

Permanent magnet machines. Image courtesy The Switch
Permanent magnet machines. Image courtesy The Switch

BEMAC, as majority shareholder, together with Mitsui have entered into a share purchase agreement to acquire 100% of the shares of The Switch from Yaskawa Europe Holding AB (a wholly owned subsidiary of YASKAWA Electric Corporation).

The Switch Engineering Oy and its group companies are manufacturers of permanent magnet machines (PMM), DC distribution solutions (DC-Hub), high-power AC drives (single drives) and high-speed induction motors.

The Switch possesses technology in MW-class PMMs, DC distribution solutions, high-power AC drives and high-speed induction motors, with a track record of delivering more than 22 GW of these products primarily for wind power and marine applications.

Since delivering the world’s first megawatt-class PM shaft generator in 2015, The Switch has today a machine and drives product portfolio ranging from below 1 MW to over 10 MW. 

The Switch DC-Hub is touted as an efficient and future-flexible marine electrification solution for hybrid and fully electric vessels with multiple energy sources like batteries and fuel cells. Furthermore, The Switch' high-speed induction motors are used in industrial plants for blowers, compressors and more, offering solutions that enable high efficiency, compact design, and gearbox-free applications.


Logistics News

Wheat Prices Rise After US Diplomatic Attempts Falter

Wheat Prices Rise After US Diplomatic Attempts Falter

Russian Oil Freight Rates to India Remain High

Russian Oil Freight Rates to India Remain High

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

EU Wheat Falls Further As Market Awaits Black Sea Diplomacy

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Russia Ships More Than 10 Million Barrels of Crude to China Via Northern Sea Route

Subscribe for Maritime Logistics Professional E‑News

Peninsula reports that a seafarer from an oil tanker was killed in an incident near Dubai.
Ukraine will survey farmers about winter sowing plans for 2027
Saudi Arabia lifts alert for southern city after Houthi strike