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Robicon Drives is up for sale.


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#1 jraef

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Posted 03 February 2005 - 02:28 AM

Robicon Drives, one of the premier Medium Voltage VFD manufacturers in the US, has fallen on hard times and is due to be aquired in short order. There are apparently over 100 viable suitors and the decision is being made by a financial company as a result of the bancruptcy of Robicon's parent, High Voltage Engineering. HVE had recently aquired the Italian company Ansaldo Sistemi Internationale (ASI) and merged them into Robicon. However the cost of the buyout was crippling for HVE, leaving them faced with the forced divestment of their only profitable asset, Robicon. No word as to the names of potential suitors, but the decision is said to be forthcoming in late Februaray or early March. Robicon has apprently stopped accepting new orders temporarily, and had laid off a substantial portion of their assembly workers.
"He's not dead, he's just pinin' for the fjords!"

#2 jraef

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Posted 11 February 2005 - 06:36 PM

As a follow up for those interested, as of Feb. 9th they have officially entered into bancuptcy proceedings.
"He's not dead, he's just pinin' for the fjords!"

#3 GGOSS

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Posted 10 May 2005 - 02:18 AM

Rumour has it that Robicon or the parent company HVE were purchased by Siemens on the 6th of May 2005.

I have viewed the Siemens & Robicon websites for confirmation of the above but can't find anything. Can anyone confirm one way or the other.

Regards,
GGOSS

#4 marke

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Posted 10 May 2005 - 03:01 AM

The most up to date info that I have is : http://www.drivesurv...&mode=full#1173

Best regards,

#5 marke

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Posted 19 June 2005 - 08:11 AM

According to the Robicon website, Siemens is the buyer.

Best regards,

#6 jraef

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Posted 21 June 2005 - 07:12 AM

Yes, it's official. The word right now is that Siemens will not change anything at Robicon as far as their Medium Voltage products go, but they are looking to unload the ASI (old Ansaldo) low voltage drives group in Italy.
"He's not dead, he's just pinin' for the fjords!"




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