#Japan #Maritime Industry #Imabari #BEMAC #The Switch

BEMAC's Strategic Move in Maritime Sustainability

BEMAC Corporation has recently announced a significant business development. The company, headquartered in Imabari, Ehime Prefecture, has successfully acquired full ownership of its subsidiary, The Switch Engineering Oy (TSW), based in Vaasa, Finland. This acquisition marks a crucial step in furthering BEMAC’s commitment to sustainable practices within the maritime industry, particularly in reducing greenhouse gas (GHG) emissions.

Background of the Acquisition

BEMAC initially partnered with Mitsui & Co. Ltd., based in Tokyo, to co-invest in TSW in February 2024, holding a majority stake. TSW has established itself as an innovative player in the maritime sector, specializing in high-performance electrical products such as Permanent Magnet Machines (PMM), DC distribution boards, motor drive inverters, and high-speed induction motors. These products are essential in enhancing efficiency and sustainability in shipbuilding and wind turbine manufacturing.

In line with its long-term vision for 2032, which aims to significantly curtail global GHG emissions, BEMAC has been actively restructuring its operations to include comprehensive electrical plant services for marine vessels. This strategic shift involves not only the main distribution and monitoring systems but also the integration of power generation, distribution, storage, control, and monitoring.

The progress achieved thus far in strengthening business foundations and enhancing corporate value prompted BEMAC and Mitsui to deliberate on the next steps forward. Ultimately, they concluded that BEMAC acquiring 100% of TSW was the most effective strategy for future growth and policy orientation.

Implications of Full Ownership

This complete acquisition allows BEMAC to streamline decision-making processes within its corporate structure and leverage management resources effectively. By doing so, the company aims to boost product development and technological convergence in key areas including PMM and DC distribution boards. Additionally, BEMAC is dedicated to accelerating TSW's growth trajectory and maximizing both the company's and the group's business value.

Future Strategies

Following this acquisition, BEMAC, TSW, and Mitsui have established a memorandum of understanding to foster ongoing strategic partnerships. These alliances are intended to continue enhancing contributions to the maritime industry, facilitating TSW's sustained growth, and maximizing business value for stakeholders, including customers, partners, and employees.

As BEMAC embarks on this new phase of its journey, the company remains committed to providing exceptional value to its stakeholders by advancing innovative solutions in the maritime sector. The full acquisition of TSW is a forward-thinking move that aligns with BEMAC's strategic aims and commitment to corporate responsibility.

BEMAC Company Overview

• - Name: BEMAC Corporation
• - Location: 105 Noma Kou, Imabari City, Ehime Prefecture
• - Representative: Masato Oda
• - Corporate Website: BEMAC

The Switch Engineering Oy Overview

• - Name: The Switch Engineering Oy
• - Location: Yrittäjänkatu 11, 65380 Vaasa, Finland
• - Representative: Miika Reinikka
• - Business Activities: Development, manufacture, and sale of electrical products for ships and wind turbines
• - Capital: €15.284 million
• - Established: 2006
• - Revenue: €86.721 million (2025 fiscal year)
• - Employees: 228 (as of April 2026)
• - Corporate Website: The Switch

Through this acquisition, BEMAC aims to reinforce its role as a leader in the maritime industry and enhance its contribution to environmental sustainability.