Japanese industrial giant Yaskawa acquired The Switch, a Finnish company specializing in electrical drive trains, for an undisclosed sum in July 2014. Three years down the road, it is clear that the investment is bearing fruit. The Switch’s turnover has grown from below EUR 40 million to clearly above EUR 70 million and the size of its factory workforce has increased. With Yaskawa’s support, The Switch acquired Wärtsilä Drives’ product portfolio, testing centre and manufacturing facilities in Norway in 2016.
Follow the link to read the whole Finpro’s Invest in Finland article on how this long-term investment into Finland has brought strong mutual benefits for both: The Switch and Yaskawa: growing together for wind and marine success.