Vacon Plc sells its holdings in The Switch Engineering Oy

Vacon Plc, Stock Exchange Release, 2 July 2014 at 9.00 (EET)

On 1 July 2014, Vacon Plc and the other shareholders of The Switch Engineering Oy (The Switch) signed a definitive agreement with Yaskawa Electric Corporation (Yaskawa) to sell all of their shares in The Switch to Yaskawa. It is estimated that the sale will be completed at the beginning of the third quarter. The Switch is a customer of Vacon Plc's in the generation of renewable energy. The customer relationship with The Switch remains intact.

Vacon owns directly approximately 14% of the shares of The Switch. Further, Vacon has a holding of approximately 5% in The Switch through the investment fund Power Fund I.

The sale of The Switch's shares does not have impact on Vacon's result in 2014.

VACON PLC

Further information:

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 30 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

Distribution:

NASDAQ OMX Helsinki
Financial Supervisory Authority
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