Himoinsa president Francisco Gracia and Yanmar executive Takehito Yamaoka celebrate the agreement between the companies.
Himoinsa president Francisco Gracia and Yanmar executive Takehito Yamaoka celebrate the agreement between the companies.
Himoinsa president Francisco Gracia and Yanmar executive Takehito Yamaoka celebrate the agreement between the companies.
Himoinsa president Francisco Gracia and Yanmar executive Takehito Yamaoka celebrate the agreement between the companies.
Himoinsa president Francisco Gracia and Yanmar executive Takehito Yamaoka celebrate the agreement between the companies.

Yanmar to Acquire a 70-Percent Stake in Generator Manufacturer Himoinsa

April 28, 2015
Generator manufacturer Himoinsa has signed a consolidated operation agreement with Japan-based Yanmar, a leading producer of diesel engines for agriculture, marine and construction equipment.

Generator manufacturer Himoinsa has signed a consolidated operation agreement with Japan-based Yanmar, a leading producer of diesel engines for agriculture, marine and construction equipment. With the new structure, Yanmar will acquire a 70-percent stake in Himoinsa. The arrangement will strengthen the market positions of both companies and enable Himoinsa to add generator engines to its product line.

Himoinsa president Francisco Gracia said the relationship with Yanmar has been excellent since the beginning of their collaboration in the genset business in 2006, and that this step is a logical evolution in their affiliation.

“To gain competitive advantage in the global market for Himoinsa as much as for Yanmar, we have sought to strengthen our mutual ties, resulting in our current partnership,” said Gracia. “Our distribution network will benefit from this agreement.”

Himoinsa has oriented its business strategy to engineer and manufacture all of the components required for a generator set, already producing its own alternators, electric controllers, canopies and other components, and with this alliance is adding engines to its business line.

No changes in company names, branding or employee structure is expected to occur at either firm.

“We believe the bond created between the two companies will be stronger than if we were operating separately,” said Gracia. “It will also give us a more prominent position in the global market.”

Himoinsa was founded in 1982 and currently owns nine production centers in Spain, China, India, France, Brazil, the United States and Argentina. Its portfolio includes the manufacture of diesel generator sets from 3kVA, gas generators sets from 8W to 3.5MW and a range of light towers.