Areva T&D acquires Vamp
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.
Related News
Nuclear plants produce over half of Illinois electricity, almost faced retirement
CHICAGO - Nuclear plants have produced over half of Illinois electricity generation since 2010, but the states two largest plants would have been retired if the state had not created a zero emission credit (ZEC) mechanism to support the facilities.
The two plants, Quad Cities and Clinton, collectively delivered more than 12 percent of the states electricity generation over the past several years. In May 2016, however, Exelon, the owner of the plants, announced that they had together lost over $800 million dollars over the previous six years and revealed plans to retire them in 2017 and 2018.
In December 2016, Illinois passed the Future Energy Jobs Bill, which established a…
