Vacon

Vaasa, Finland Founded: 1993 • Age: 33 yrs Acquired By Danfoss
Hand tools, power tools, and industrial hardware are distributed globally.
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About Vacon

Vacon is a company based in Vaasa (Finland) founded in 1993, and was acquired by Danfoss in September 2014. Hand tools, power tools, and industrial hardware are distributed globally. Vacon has raised $10.58 million across 1 funding round from investors including Danfoss and Ahlström. The company has 44 employees. Its Indian entity Vacon Drives And Controls Private Limited reported revenue of ₹83.49 Cr.

Company details

Founded in 1993 in Vaasa, Finland, Vacon operates as a distributor in the tools and hardware sector. Products are sourced from domestic and international manufacturers, with categories encompassing hand tools, power tools, industrial tools, measuring tools, and hardware. Quality items are supplied at competitive prices, supported by a dedicated sales team for customer service. Operations focus on reliable distribution and assistance to clients.

Key Metrics
  • Indian entity revenue
    ₹83.49 Cr

    FY 2016

  • Indian entity net loss
    -₹12.73 Cr

    FY 2016 · -15% margin

  • Indian entity EBITDA
    -₹8.83 Cr

    FY 2016 · -11% margin

  • Total Equity Funding
    $10.58M (USD)

    in 1 rounds

  • Latest Funding Round
    $10.58M (USD), Series B

    Dec 2001

  • Investors
    Danfoss

    & 1 more

  • Employee Count
    44
  • Acquired by
    Danfoss

    (Sep 2014)

Funding Insights of Vacon

Vacon has successfully raised a total of $10.58M through 1 strategic funding round. The most recent funding activity was a Series B round of $10.58 million completed in December 2001. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $10.58M
  • Total Rounds 1
  • Last Round Series B — $10.58M
  • First Round $10.58M

    (Dec 2001)

  • Investors Count 1

All 1 funding rounds of Vacon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2001$10.58MSeries B–Ahlström Capital
–
Valuation history

2 investors in total: 2 institutional.

Investors in Vacon

Vacon has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Danfoss and Ahlström.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Ahlström
Ahlström is engaged in industrial investments and sustainable value creation.
1851ahlstromcapital.comHelsinki, Finland
Danfoss
Manufacturer of energy efficiency products
1933danfoss.comNordborg, Denmark
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Investor details for Vacon

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Vacon Drives And Controls Private Limited (Vacon)

Vacon Drives And Controls Private Limited is the primary company behind Vacon. The board of Vacon Drives And Controls Private Limited currently have 3 directors; the longest-serving is Vesa Juhani Laisi, appointed in 2006. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vesa Juhani Laisi
DIN 00726661
Director31 Aug 200620 yrs 2 moVacon Drives And Controls Private Limited
Heikki Juhani Hiltunen
DIN 00727797
Director31 Aug 200620 yrs 2 moVacon Drives And Controls Private Limited
Ravichandran Purushothaman
DIN 06584433
Additional Director16 Mar 201511 yrs 7 moVacon Drives And Controls Private Limited

People of Vacon

526 people are tracked at Vacon (177 in leadership, 10 in board & advisors, 339 in team); the tracked headcount is 44.

NameRoleGroup
Ton Bekkers
Sales Director Climate Solutions Bij Danfoss BvLeadership
Dana S. Rasmussen
Director, Global HR Business Partner, Connect & Controls SolutionsLeadership
Jessica Gunderson
Human Resources DirectorLeadership
Agnes Agada
Talent Acquisition PartnerLeadership
Dannette Holifield
Head Of IT Operations ExcellenceLeadership
Maria del Mar Molina Mesa
HR Director, Talent Development And Inclusion, Danfoss Climate SolutionsLeadership
Myriam Sterckx
HR People Partner At DCS BelgiumLeadership
Carsten Mohr
Director, Head Of IT Portfolio ManagementLeadership
Julia Ullmann-Glowacki
Head Of Talent AttractionLeadership
Frederik Hansen
Finance Business Partner Director, EU Sales Controlling & EMEA Marine And Electrification TeamLeadership
Tom Jose
Head Of HR Hub - Asia Pacific & India RegionsLeadership
Ilonka Nussbaumer
EVP, Head of Group Human ResourcesLeadership
Mia Gren-Sørensen
Vice President, Head Of Global TalentLeadership
Michal Kopacz
Head Of OperationsLeadership
Daniel Winter
President, Danfoss Power SolutionsLeadership
Serena Zenatti
HR Director, Global HR Business PartnerLeadership
Kim Fausing
President & Chief Executive OfficerLeadership
Jesper V. Christensen
Executive Vice President & Chief Financial OfficerLeadership
Stephen Gugliotta
Senior Vice President, Global AccountsLeadership
Kasper Frostholm Thomsen
Head Of Group Accounting & Financial ComplianceLeadership

506 more people are available in the full profile.

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Complete people profiles for Vacon

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

Financials of Vacon

Figures of Vacon Drives And Controls Private Limited, the primary company behind Vacon, for FY 2016. Revenue was ₹83.49 Cr. Net loss was -₹12.73 Cr (-15% margin). EBITDA was -₹8.83 Cr (-11% margin).

  • ₹83.49 CrRevenue · FY 2016
  • -₹12.73 CrNet loss · -15% margin
  • -₹8.83 CrEBITDA · -11% margin
  • ₹8.67 CrPaid-up capital
  • 44Employees (provident fund records)

Balance sheet, profit and loss, cash flow and ratios of Vacon Drives And Controls Private Limited are on its company page.

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Detailed financial statements for Vacon

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

  • Statement rows
  • Financial ratios
  • Five-year trends
  • Downloads

Verified entity values are shown only after access is granted.

Timeline of Vacon

3 dated milestones of Vacon across 21 years, from founding to its latest funding, stage changes and deals.

  1. Founded Vacon is founded.
  2. Funding First funding round of $10.6M.
  3. Exit Acquired by Danfoss.

Web traffic of Vacon

Websites that share an audience with Vacon (vacon.com).

Similar websites

Websites whose visitors overlap most with Vacon. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
portal.drivegate.biz
portal.drivegate.biz
100%
–
vacondrive.ee
vacondrive.ee
85%
–
Dewhurst UK
dewhurst.co.uk
82%
2.8K#6,634,507View details
atb-motors.nl
atb-motors.nl
82%
–
wattdrive.com
wattdrive.com
82%
–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
Premium access

All 9 similar websites and full traffic analytics for Vacon

The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.

  • 9 similar websites
  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

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Frequently Asked Questions about Vacon

Vacon was founded in 1993 and raised its 1st funding round 8 years after it was founded.

Vacon is headquartered in Vaasa, Finland.

Vacon is a funded company, having raised a total of $10.58M across 1 funding round to date. The company's 1st funding round was a Series B of $10.58M, raised on Dec 2001.

Vacon has 44 employees.

The primary company behind Vacon, Vacon Drives And Controls Private Limited, reported revenue of ₹83.49 Cr for FY 2016.

Founded in 1993 in Vaasa, Finland, Vacon operates as a distributor in the tools and hardware sector. Products are sourced from domestic and international manufacturers, with categories encompassing hand tools, power tools, industrial tools, measuring tools, and hardware. Quality items are supplied at competitive prices, supported by a dedicated sales team for customer service. Operations focus on reliable distribution and assistance to clients.

Vacon has 2 investors. Key investors include Danfoss, and Ahlström.

Vacon operates through Vacon Drives And Controls Private Limited.

Yes. Vacon was acquired by Danfoss in September 2014.

The legal entities of Vacon currently have 3 directors, including Vesa Juhani Laisi, Heikki Juhani Hiltunen, Ravichandran Purushothaman.

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