Areva T&D acquires Vamp
VAASA, FINLAND - ArevaÂ’s Transmission and Distribution division (T&D) and the main shareholder of Vamp Oy announced that they have signed an agreement for Areva T&D to acquire Vamp, the Finnish-based specialist in arc protection and protection relays.
VampÂ’s protection relays are used in a number of applications from industrial to distribution power systems and power plants. Their unique arc protection enhances the safety of both people and property and has made Vamp a recognized world leader in this field.
Areva T&D looks to further strengthen its position in the global protection and control market while gaining a substantial market share in Nordic countries and with both industrial and distribution customers.
“Our customers worldwide expect us to deliver innovative solutions offering enhanced safety, such as arc protection technology,” said Jean-Michel Cornille, Executive Vice President of Areva T&D’s Automation Business Unit. "This exciting development will allow both Areva T&D and a wide range of international customers to realize their protection relay and arc protection projects more efficiently.”
Areva T&D and Vamp share a clear focus on innovative R&D programs based on close cooperation with customers, leading universities and research institutes. This acquisition will enable Areva T&D to add new features and to complement its existing portfolio of protection relays.
“By joining Areva T&D, Vamp sales network will expand, enabling our organization to grow stronger and continue to invest in product development,” added Erkki Raunio, main shareholder and Chairman of the Board of Vamp.
"Vamp is one of the world’s most important suppliers in its sector and our world-class expertise has always been key to our success.”
VampÂ’s site in Vaasa will become an Areva T&D unit reporting to the Substation Automation Solutions product line. Jerker Kullberg will continue in his role as VampÂ’s Managing Director.
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