The global site of the UK's leading magazine for automation, motion engineering and power transmission
18 July, 2024

Twitter link

Vacon wins `company of the year` award

01 June, 2004

The Finnish drives-maker Vacon has been named as 2004 company of the year in the instrumentation, controls and engineering industry, by the market analyst Frost & Sullivan.

"Strong and improving financials, an innovative approach to the market, a continued emphasis on technology leadership, and a sole focus on being the best at inverter technology, have all acted to support Vacon`s rapid advance over the competition," says F&S research manager, Mik Sabiers.

Last year, Vacon`s sales rose by 15.2% to reach €112.3m - twice the growth rate of the previous year. Its operating profit climbed by 19.2% to reach €11.8m, and it also increased its earnings per share, its return on investment, R&D spending, and the size of its workforce.

• In its annual Excellence in Industrial Technologies Awards, F&S has named Allegro Microsystems as its sensors company of the year, and Emerson as company of the year in the process control and automation sector. Invensys` Archestra automation and information software architecture was chosen as the Industrial Automation Technology of the Year. In all, F&S made more than 30 awards.

  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here



"Do you think that robots create or destroy jobs?"



Most Read Articles