Global AC drives maker Vacon is now part of the Danfoss Group. By the end of November, Danfoss got approvals from all the pertinent authorities, and has got more than 90% of Vacon shares and voting rights in Vacon.
The combination of Vacon and Danfoss will create one of the top players of the world in the drives market, leveraging the best of both companies. Vesa Laisi will function as President of the new company section named Danfoss Drives. He can also continue as the President and CEO of Vacon.
“Joining two powerful and advanced AC drives firms will give customers an even more competitive, advanced and appealing offering of AC drives. Joining forces also means the new company will be able to invest further in both R&D and in the sales force, which is a key success factor in our company,” says Laisi.