Milan, Italy, 27 May 2014 ---- AEG Power Solutions S.p.A., a wholly owned subsidiary of AEG Power Solutions Group, announced today that it has changed its company name to 3W Power S.p.A and will operate in Italy under that name effective immediately.
Due to a change of licensing policy, AEG Power Solutions no longer uses the AEG name for all those entities that adopted the brand in or after 2010, such as its subsidiary in Italy. Instead AEG Power Solutions named the Italian subsidiary after the holding company 3W Power to make the relation to the group visible.
3W Power S.p.A has a strong heritage in telecommunications power systems. In 1993, the company was established in Milan as a division of Alcatel, and after being divested in 2005 became part of the AEG Power Solutions Group. With a staff of 40, the company is now marketing the full range of AEG Power Solutions’ industrial and commercial UPS systems in Italy, in addition to the historical range of DC telecom systems.
"The core elements of our organization remain the same,” said Giancarlo Battini, Managing Director 3W Power S.p.A. The company will continue to provide easily expandable products and reliable delivery, and to offer trade-oriented support and service packages to the Italian market. Furthermore, we will continue to introduce the whole range of products of the AEG Power Solutions Group to the Italian market and to focus on our strong partnerships with industry leaders."
About 3W Power/AEG Power Solutions
3W Power S.A. (WKN A1W2L4 / ISIN LU0953526265), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9). AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial and demanding commercial power requirements offering one of the most comprehensive product and service portfolios in the area of uninterruptible power supply and power management.
Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for next generation distributed power generation. Subsidiaries of AEG Power Solutions in Italy and Ukraine operate under the name of 3W Power.