Yaskawa Electric Acquires MagneTek Drives Business

Yaskawa Electric America, Inc. announced at the AHR Expo that it is assuming ownership and operation of the MagneTek drive products business unit. The acquisition is part of Yaskawa's strategy to achieve a 20% global market share for AC inverter drives.

“ATLANTA, GA – At the Air-Conditioning, Heating, Refrigerating Expo on Tuesday, Yaskawa Electric America, Inc., announced that it is assuming ownership and operation of the MagneTek drive products business unit, formerly a part of the Drives & Systems group of MagneTek, Inc.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.