Yaskawa Electric Europe and Omron Europe have announced the formation of a joint venture company that will market and support the two companies’ industrial automation products throughout Europe.
The joint venture company, registered in the Netherlands as Omron Yaskawa Motion Control, is capitalised 60% by Omron and 40% by Yaskawa. Initial staffing will be 12 people, based at the joint venture company’s headquarters, housed within Omron’s existing European offices in Hoofddorp, near Amsterdam.
Omron Yaskawa Motion Control starts trading on April 1 2003 and is expected to have a first year turnover of nearly 100 million Euro.
Omron Yaskawa Motion Control will employ the existing network of Omron subsidiaries and its established national sales companies (NSCs) to supply goods to customers.
Additionally, existing Yaskawa distributors and partners will join the Omron NSC network. Yaskawa will continue to provide technical support, product development and marketing within Europe, through the new joint venture company and directly to its major accounts.