July 17 (Bloomberg) -- Yaskawa Electric Corp., a Japanese machinery maker, will acquire Solectria Renewables LLC to expand its clean-energy business in the U.S.
Yaskawa, based in Kitakyushu, will buy through a U.S. unit all shares Solectria owns, Yaskawa said in a statement today, without giving a price or timeline. Massachusetts-based Solectria makes inverters, which convert direct current output from solar panels to alternating current electricity.
The acquisition will allow Yaskawa to expand its product lineups, according to the statement. Yaskawa makes inverters for small solar projects, while Solectria’s products are aimed at large-scale solar ventures.
Earlier this month, Yaskawa announced plans to acquire Finnish wind-parts maker The Switch Engineering Oy.
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