Yaskawa Electric Corporation (“Yaskawa Electric” Representative Director, Chairman and President: Junji Tsuda) has reached an agreement to enter into a contract to acquire all shares of Solectria Renewables, LLC (“Solectria”), a U.S. supplier of PV inverters, through Yaskawa America, Inc., a consolidated subsidiary of Yaskawa Electric.

　Solectria develops, manufactures and sells high performance PV inverters in the Americas with strong competitiveness and solid customer base especially in the high capacity PV inveter market for large scale power generation.
　This acquisition will allow Yaskawa Electric to enter into the U.S. photovoltaic generation market with world’s leading scale as well as mid and long term growth potential. We will meet a variety of customer needs in the U.S. with broader lineup of Yaskawa’s small and medium capacity products marketed in Japan and Solectria’s large capacity products. By utilizing the broad product lineup and know-how, we will accelerate the global development of our Environment and Energy business. At the same time, by merging Solectria’s business and our industrial drives business in the Americas, we will create synergy in development, manufacturing and sales, which will lead Yaskawa America to grow further and enhance profitability.

Company name:　　　　　　Solectria Renewables, LLC
Location:　　　　　　　　　　Lawrence, Massachusetts, U.S.A.
Representative:　　　　　　Chairwoman, Anita Worden
Business:　　　　　　　　　　Development, manufacturing and sales of PV inverters and
peripheral equipments
Foundation:　　　　　　　　　January 31, 2005

　The closing of the transaction is subject to customary merger control clearance by the relevant competition authorities.

Contact:
Corporate Communication Group
YASKAWA Electric Corporation
E-mail: web_mstr@yaskawa.co.jp