The sale of Vacon Plc holdings in The Switch Engineering Oy completed
July 11, 2014 - London
Vacon Plc, Stock Exchange Release, 11 July 2014 at 10.00 (EET)
On 1 July 2014, Vacon Plc and the other shareholders of The Switch Engineering Oy (The Switch) signed a definitive agreement with Yaskawa Electric Corporation (Yaskawa) to sell all of their shares in The Switch to Yaskawa. The sale was completed on 10 July 2014.
- Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510, vesa.laisi(at)vacon.com
Vacon in brief:
Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 30 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).
Driven by Drives, www.vacon.com
NASDAQ OMX Helsinki
Financial Supervisory Authority
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vacon Oyj via Globenewswire