Nidec Completes Acquisition of Kinetek Group

Nidec Corporation NJ today announced that it completed the acquisition of all of the shares in Kinetek Group Inc. (the "Acquired Business" or "Kinetek"), a U.S.-based commercial motor manufacturer, from its shareholders, including the Resolute Fund, L.P., a private equity fund, on November 2, 2012 (November 1, 2012, U.S. time). As a result, the Acquired Business became a subsidiary of the Company. See full press release