Yanmar Acquires Majority Stake in Spain-based HIMOINSA
OSAKA, Japan, April 28, 2015 /PRNewswire/ -- Yanmar Co., Ltd. announced on April 27 that it has acquired a majority equity stake in HIMOINSA (R), a Spain-based multinational company specializing in the manufacture of energy systems.
- Objectives
HIMOINSA is active in over 100 countries. Yanmar's relationship with HIMOINSA dates back to 2006, when it began supplying its diesel engines to be used in HIMOINSA generators.
This alliance aims to enhance the partnership the two companies have enjoyed through the years, and to improve Yanmar's presence in the rapidly-growing global energy system market. Building on a broad base of operations in diesel engines and industrial machinery, Yanmar now seeks to strengthen its position and increase its overseas sales ratio by over 60% in this field.
An increase in demand for on-site power generators and co-generation systems is expected in both commercial and private sectors. With the wealth of expertise in product development and business operations that the two companies will bring, this alliance will focus on strengthening distribution channels and on delivering innovative solutions to our worldwide customers.
With "harnessing power" as one of the core pillars stated in our Mission Statement and with cutting-edge technologies and services, Yanmar is actively expanding its operations outside of Japan by delivering unrivaled solutions that meet customers' diverse needs. We are forming a mutually beneficial relationship that will facilitate increased success for years to come.
- About HIMOINSA
HIMOINSA (R) (President: Francisco Gracia), founded in 1982, is based in San Javier, Murcia, Spain. It currently owns 9 production centers in Spain, China, India, France, Brazil, the United States and Argentina. HIMOINSA also has 10 subsidiaries in Singapore, the UAE, Poland, Germany, the U.K., Portugal, Angola, Mexico, Panama and Argentina and a network of more than 130 distributors around the world. HIMOINSA has developed key projects in the 5 continents it operates in. Its portfolio includes the manufacture of diesel generator sets from 3KVA to 3,000KVA, gas generator sets from 8kW to 3.5MW and a wide range of lighting towers with a lighting capacity of up to 1,320,000 lumens.
Note: Information contained in this news release is valid at the time of publication and may differ from the most recently available information.
SOURCE Yanmar Co., Ltd.
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