Kevin Schiller, IHS Technology

Danfoss bid to acquire Vacon: Low voltage VFD suppliers may join forces

Denmark’s Danfoss A/S has bid $1.34 billion for the acquisition of Finland’s Facon Oyj, which would result in the union of two of the 10 largest variable frequency drive suppliers globally.

Following two consecutive years of stagnation, low-voltage (LV) VFD market poised for growth in 2014

As process markets improve in Europe, growth will recover in VFD markets, which will in turn lead to a recovery in premium drives sales.