|This article reads like a news release, or is otherwise written in an overly promotional tone. (January 2014)|
|This article needs additional citations for verification. (April 2013)|
|Type||Publicly traded limited company|
|Traded as||OMX: VAC1V|
|Industry||Industrial goods & services|
|Founded||1993 (as Vaasa Control Ltd)|
|Key people||Vesa Laisi (CEO), Panu Routila (Chairman of the Board)|
|Products||Variable-speed AC drives|
|Revenue||€403.0 million (2013)|
|Divisions||30 sales offices|
Vacon AC drives proffer to optimize process control and energy efficiency for electric motors, with production and R&D facilities in Europe, Asia and North America, sales offices in 30 countries, and sales representatives and service partners in nearly 90 countries.
The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki). In 2013, Vacon’s revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people.
Visit from President Obama
On 15 January 2014, US President Barack Obama visited Vacon’s R&D facility at the Research Triangle Park in North Carolina, USA. Following a tour of the premises, he gave a speech to students at North Carolina State University where he mentioned how Vacon “is making these engines and these systems more efficient, saving businesses big bucks on energy costs, improving the environment. Those savings get passed on to customers, puts money in people’s pockets. And growing companies that need the products that Vacon makes, they’re benefiting enormously. So it’s a good-news story. But in a global economy, that company, just like every company in America, has to keep inventing and innovating in order to stay on the cutting edge. And that’s where all of you come in.”