Effective January 1, 2003, VA TECH CNI, jointly owned by PSI and VA TECH SAT, has started business in the USA, aimed at opening up the American energy control systems market, considered to be one of the world’s most attractive marketplaces. VA TECH CNI will focus on the sale of high-end control systems developed by PSI as well as VA TECH SAT’s innovative range of products. Moreover, technical project management resources will also be set up.
The establishment of this branch office primarily aims at swiftly creating references as a basis for a further expansion of North American business activities. The US energy market is expected to offer vast opportunities to suppliers of high-end control systems over the next few years. Even today there is a significant need for replacement of existing systems, as many of these no longer meet modern technical standards.
Integrating VA TECH CNI into the American network of the VA TECH group is designed to enable VA TECH CNI to fully utilize existing contacts and sales channels. Consequently, PSI regards setting up the VA TECH CNI business location in the USA as a further major milestone in internationalising its energy control systems activities, while VA TECH sees this joint venture as an important addition to an already comprehensive portfolio of products and services in the US high-tech sector.
Note to the Editors:
PSI AG (New Market: PSA2, Securities Code No. 696 822) develops individual solutions for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-corporate production management as well as information management for public authorities and service providers on the basis of their own software. The company was founded in 1969 and currently employs 1,300 employees in the group.
VA TECH SAT is the leading supplier of complete solutions for the power industry and delivers com-prehensive, innovative and economic solutions for the management of process information. In the markets VA TECH SAT serves, it's never long before it takes its place among the strongest suppliers. In Austria VA TECH SAT is the undisputed market leader. The headquarter of VA TECH SAT is in Vienna. VA TECH SAT is a subsidiary of VA TECH Transmission & Distribution.
VA TECH Transmission & Distribution, a group company of the listed VA Technologie AG, is a leading international supplier of electric power transmission and distribution systems. We offer integra-ted system solutions and cutting edge technology individually tailored to our customer’s needs. The global network of subsidiaries guarantees fast and efficient on-site service for customers.
VA TECH CNI stands for VA TECH CNI Control, Networks & Information Management GmbH and
markets power control systems all over the world.