Vacon Oyj: Vacon Plc sells its holdings in The Switch Engineering Oy

     Vacon Oyj: 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:

  *Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510,
    vesa.laisi(at)vacon.com

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
Main media

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Vacon Oyj via Globenewswire
HUG#1809750
 
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