The Switch to acquire Wärtsilä Drives’ products
The acquisition gives The Switch an opportunity to broaden its marine business
The Yaskawa-backed investment gives The Switch a stronger foothold in its growing marine business area, the Helsinki-headquartered technology specialist of advanced drive trains said. Together, The Switch and Wärtsilä’s marine drives business aim to benefit from a number of inherent added-value synergies, including a stronger machine and drive package offering, a broader product range and a wider market access.
As part of the deal, The Switch will gain part of Wärtsilä’s Electrical & Automation (E&A) business line’s test centre and the manufacturing facilities in Stord, Norway, that are associated with its marine drives. The Switch will then become a supply chain partner of Wärtsilä for marine drives while also being able to open up the product offering to other customers. The business transition from Wärtsilä to The Switch is due for completion once the operations have been transferred.
