Eaton Corporation, a global technology leader in electrical, hydraulics, aerospace, automotive and truck power management solutions, chose to move its European headquarters from Amsterdam to Morges, in the canton of Vaud, Switzerland, in 2005.
“Eaton helps its customers to use power more effectively, efficiently and safely,” says Yannis Tsavalas, President of Eaton’s Europe, Middle East and Africa (EMEA) region. “Our regional headquarters oversee some 18,000 employees in nearly 60 locations with over e2.16 billion(US$3 billion) in annual revenues.”
As part of the company’s strategy to better serve its customers and markets, regional presidents were also named for each of Eaton’s EMEA businesses. The company continues to centralise corporate activities through its regional headquarters
and today employs around 250 employees in Switzerland – of which 170 in Vaud.
“Vaud offers an excellent business environment, strong infrastructure, a stable government and central location for our regional headquarters,” Tsavalas explains. “The attractive lifestyle also plays a key role in the company’s ability to attract and maintain a highly skilled workforce, which is integral to executing our aggressive growth strategy in the region.”
In terms of Eaton’s plans for growth, Tsavalas points out that innovation is a key element of the company’s strategy and has always been a guiding principle for Eaton.
“Switzerland provides strong support not only for Eaton’s operations,” says Tsavalas adding, “Switzerland’s government also gives incubator support and access to funding for start-ups and small and medium-sized enterprises (SMEs) involved in innovative projects. The resulting infrastructure development continues to attract dynamic, forward-thinking companies.”
“Eaton appreciates that the canton of Vaud in particular and Switzerland in general provide the resources the company needs to continue to grow and develop,” Tsavalas concludes. “We are pleased with our decision to move our headquarters to the Lac Leman region.”