The Switch welcomes new shareholders

The Switch Engineering Oy, Finland-based special electric machine and high-power converter product supplier, is excited to announce that majority shareholder Japanese marine electrical machinery supplier BEMAC Corporation, in partnership with global trading and investment company Mitsui & Co., Ltd., has acquired 100% of the shares in The Switch.

The Switch is well known for its agility and innovative permanent magnet machines (PMM), marine drives (DC-Hubs and single drives) and high-speed solid rotor induction motors (SRM). The acquisition was finalized today, following a tripartite share purchase agreement signed last October.

The company’s advanced PMM technology is integral to shaft generators for large ships, propulsion motors for electric vessels and wind power generators. This technology stands out for its efficiency, compactness and low maintenance costs, offering a sustainable alternative to traditional generators and motors. This aligns with the global push toward decarbonization, especially the International Maritime Organization’s objective of net zero greenhouse gas emissions by 2050, positioning the company for significant growth in the marine sector.

Extending global reach under BEMAC brand

“In line with this acquisition, we are excited to announce that all products from The Switch will be marketed under the BEMAC brand as we move ahead. This unification symbolizes our commitment to delivering top-tier products and services under the BEMAC umbrella, further enhancing our global presence,” said The Switch President and CEO Miika Reinikka.

The company remains dedicated to offering game-changing green electrification technologies and products and to continuing our legacy of exceptional flexibility, customer-focused development and ultimate customer satisfaction.

Strategic partnership opens new doors

BEMAC President Masato Oda commented: “The Switch, in collaboration with BEMAC and Mitsui & Co, will continue to electrify the world with cutting-edge solutions. We look forward to the opportunities that this strategic acquisition will bring. We are confident the partnership will allow us to continue to grow and innovate together with our customers, and we are excited to see what the future holds.”

Reinikka adds that The Switch is proud to have been under the previous ownership of Yaskawa Electric Corporation. “We would like to express our sincere gratitude to them for being an excellent partner, for the support they have provided over the years and for the valuable lessons we have learned in various business and management practices,” he concludes.

About The Switch

The Switch is an agile product supplier that provides special electric machines and high-power converters to system integrators (SIs) and original equipment manufacturers (OEMs). We are on a mission to electrify the world with game-changing green technologies. Our products accelerate the switch toward net zero emissions in marine, wind and industrial applications.

We want to grow together with customers who find our innovative technologies and optimized products key to their success. Today, we have delivered nearly 24 GW of megawatt-class environmental energy technology throughout the world.

Media contact:

Lisa Kettman-Kervinen
Brand Manager

The Switch – A BEMAC company
Tel: +358 50 554 5044

BEMAC, headquartered in Imabari City, is one of the biggest marine electrical machinery suppliers in Japan. BEMAC provides a variety of marine electrical machinery and service for commercial vessels. In addition to the marine business, BEMAC operates marine plant, industrial plant and electric vehicle businesses. BEMAC currently has its overseas office in Amsterdam and subsidiary companies located in Singapore, Vietnam, China and the Philippines. Visit: for more information.

About Mitsui & Co
Mitsui & Co. is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries. The company identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders. Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials, and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition. Visit for more information.