improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article reads like a news release or is otherwise written in a promotional tone . please help by either rewriting this article from a neutral point of view or by moving this article to wikinews . when appropriate blatant advertising may be marked for speedy deletion with db spam . january 2014 this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . april 2013 learn how and when to remove this template message this article needs to be updated . please update this article to reflect recent events or newly available information . july 2016 learn how and when to remove this template message vacon plc type publicly traded limited company traded as nasdaq helsinki vac1v industry industrial goods & services founded 1993 as vaasa control ltd headquarters vaasa finland area served worldwide key people vesa laisi ceo panu routila chairman of the board products variable speed ac drives revenue 403.0 million 2013 1 number of employees 1 596 2013 1 divisions 30 sales offices website www.vacon.com vacon is a global manufacturer of variable speed ac drives for adjustable control of electric motors and inverters for producing energy from renewable sources . the company has headquarters in vaasa finland . vacon has 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 . typically electric motors are equipped with variable speed ac drives as they help optimize process control and save electrical energy . vacon has estimated that in 2013 its products helped save approximately 55 twh of energy . this corresponds to approximately 22 hours of the world s annual electrical energy production . also the amount of energy produced from renewable energy sources with vacon s ac drives was reported to be approximately 22 twh . 2 contents 1 management 2 board of directors 3 other 4 references 5 external links management edit president and ceo vesa laisi executive vice president market operations deputy to the ceo heikki hiltunen cfo pia aaltonen forsell ann louise br nnback acting senior vice president human resources tuula hautam ki executive vice president product operations jukka kasi secretary of executive management team sebastian linko board of directors edit chairman panu routila vice chairman jari eklund pekka ahlqvist jan inborr jari koskinen juha kyt l riitta viitala secretary of the board jaana klinga other edit visit from president obama on january 15 2014 president barack obama visited vacon s r & d facility at the research triangle park in north carolina . 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 . 3 4 references edit a b vacon s financial statement bulletin january december 2013 vacon helped save 22 hours of global electricity production in 2013 remarks by the president on the national network for manufacturing innovation the white house 15 january 2014 president barack obama visits vacon external links edit official website vacon s youtube channel https www.youtube.com user vacongroup retrieved from https en.wikipedia.org w index.php title vacon & oldid 727811801 categories companies of finlandelectronics companies of finlandcompanies listed on the helsinki stock exchangecompanies based in vaasahidden categories articles with a promotional tone from january 2014all articles with a promotional tonearticles needing additional references from april 2013all articles needing additional referenceswikipedia articles in need of updating from july 2016all wikipedia articles in need of updatingpages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page 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