Converteam and Vacon sign AC drives agreement

04 December 2006

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Converteam, an international company developing standard and customised systems for the conversion of electrical energy, and the AC drives manufacturer Vacon have entered into a global co-operation agreement. Under the terms of the agreement, Vacon is to supply low-voltage air-cooled AC drives to Converteam worldwide.

This arrangement is in line with Vacon's strategy of building strong co-operation with system integrators, for which the company's independent position as a low-voltage AC drives supplier provides excellent possibilities. For Converteam, Vacon is a focused and non-competing supplier with a complete low-voltage AC drives product range that is easy and efficient to apply.

In the field of power conversion, Converteam has an extensive offering from design-only to turnkey systems including installation, commissioning and a full range of services. Their offerings are based on variable-speed systems and advanced automation.

"Converteam is a major supplier in marine and offshore, oil and gas, process and renewables industries, as well as in many specialised areas, and we are very pleased that Converteam has chosen us as their AC drives supplier," says Mr Heikki Hiltunen, Executive Vice President, Products and Markets, Vacon.

"We chose Vacon because of the synergies between our two ranges of drives. In addition, we highly appreciate their willingness to meet our specific requirements as well as their worldwide presence," says Mr Florent Battistella, Executive Vice President, Chief Operating Officer, Converteam.

About Converteam

Converteam group, a former division of ALSTOM, is a world leading engineering company specialised in power conversion. With over a century of recognised experience to its credit, it is firmly placed at the leading edge of technology and innovation with a worldwide reputation for excellence in the conversion of electrical energy. In addition to its core businesses in marine and offshore, oil and gas, process industries and the renewables sectors, it serves a number of specialised markets worldwide with its 3500 staff.

Vacon Group was founded in 1993 for one purpose only: to create, develop and provide AC drives worldwide. The company's ambition is to meet the most demanding needs of customers looking for the ultimate in performance, ease of use and reliability. Vacon offers AC drives in the power range of 0.25kW to 5MW. In 2005, the Group revenues totalled EUR149.9million.

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