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Vacon Oyj (HEL:VAC1V) Vacon Group, Press Release, 10 November 2008 at 10:00 am:
The global AC drives manufacturer Vacon will extend its supplier agreement with US-based Eaton Corporation with regard to variable speed AC drive technology. Vacon will provide Eaton with its design expertise and latest variable frequency drive hardware.
"Vacon and Eaton established a strategic alliance in 1998. During the past 10 years, our relationship has deepened considerably, and today the entire Vacon product line from our smallest to the biggest megawatt-class AC drive is available under Eaton's name," says Heikki Hiltunen, Executive Vice President, Vacon.
"This agreement enables Eaton to merge Vacon's products with its advanced technology and application expertise. The resulting drives products allow Eaton to provide solutions to a broad range of industrial, original equipment manufacturer (OEM) and construction markets worldwide," says Robert Fenton, Eaton's product line manager, solid-state power control components.
Eaton will promote its variable frequency drive offering throughout its global organization, including the recently acquired Moeller business. Through the acquisition of the Moeller business in the first quarter of 2008, Eaton expanded its position as a worldwide supplier of electrical control products and power distribution, as well as power quality equipment and systems. Eaton is now a leading supplier of controls for industrial equipment applications, and components for commercial and residential building applications.
Eaton in brief:
Eaton's electrical business is a global leader in electrical control, power distribution, uninterruptible power supply and industrial automation products and services. Eaton's global electrical brands, including Cutler-Hammer®, MGE Office Protection Systems(TM), Powerware®, Holec®, MEM®, Santak® and Moeller®, provide customer-driven PowerChain Management® solutions to serve the power system needs of the industrial, institutional, government, utility, commercial, residential, IT, mission critical and OEM markets worldwide. For more information visit www.eaton.com.
Vacon in brief:
Vacon was established in 1993 from a passion to develop and produce AC drives globally. It is a matter of honour for Vacon to offer customers efficient, reliable and easy to use means for improving process control and saving energy and costs. Vacon's solutions represent clean technology. They can be used to control the speed of electric motors used by industry and municipal engineering, and in power generation using renewable energy. Vacon provides AC drives in the power range 0.25 kW - 5 MW. Revenues in 2007 totalled EUR 232.2 million.
Further information:
Vacon Group
* Heikki Hiltunen, Executive Vice President, Products and Markets, Vacon Group, mobile +358 (0)40 8371 609
Press contact:
* Sebastian Linko, Director, Corporate Communications, Vacon Group, mobile +358 (0)40 8371 634
