Integration of the Steel Engineering Business into Yaskawa Automation & Drive
First written in FY2019-Q3. 1 of 2 entries say "Achieved", first in FY2019. Latest entry: FY2019.
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- FY2019AchievedAnnual report
「At a Board of Directors meeting held on 9 November 2018, the company resolved to transfer its steel engineering business and the general industrial electric motor business of its subsidiary Yaskawa Motor Co., Ltd. to its subsidiary Yaskawa Automation & Drives Co., Ltd. through an absorption-type company split, entered into an absorption-type company split agreement effective 10 January 2019, and carried out the absorption-type company split effective 1 March 2019.」
The steel engineering business and general industrial electric motor business were integrated into Yaskawa Automation & Drives effective 1 March 2019. - FY2019-Q3First statedAnnual report
「To strengthen our Group's systems engineering business, we will integrate our steel engineering business and YM Company's general industrial motor business into our subsidiary YAD. This will strengthen our industrial plant engineering business for private-sector customers. Scheduled implementation date (effective date): 1 March 2019 (scheduled).」
The company announced plans to transfer the steel engineering business and Yaskawa Motor's general industrial electric motor business to Yaskawa Automation & Drives Co., Ltd. through an absorption-type company split.