Au / Wädenswil, 2009-4-7
• Major order from a Middle East utility provider
• Energy sector as a stable and crisis-proof area of growth
Au / Wädenswil, Switzerland, April 07, 2009 – Von Roll, one of Switzerland's longest established industrial companies, has signed a major contract valued at $24.9 million to supply state-owned Israel Electric Corporation Ltd. (IEC) with high-performance transformers.
The acquisition of the Israel-based transformer manufacturer, Enerco Enterprises, which was concluded in September 2008, was a key strategic milestone for Von Roll. The Von Roll Transformers segment has expanded the value-added chain and expertise of the Swiss-based industrial group in one of the most promising and fastest growing markets, while also opening up other areas with attractive growth potential. Growth on the transformer market is driven by strong demand to upgrade and replace antiquated infrastructure, the push for greater efficiency on Western markets, and the need for new infrastructure in emerging markets.
About Von Roll Holding AG:
As one of Switzerland’s longest established industrial companies, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is the global market leader in insulation products, systems and services and is represented in 19 countries with around 3,400 employees at 32 sites.