Market Overview

Nidec to Acquire PT. NAGATA OPTO INDONESIA in Cash Deal


Nidec Corporation (NYSE: NJ) announced that Nidec Sankyo Corporation, the Company's subsidiary, has agreed to acquire 100% of the shares of PT. NAGATA OPTO INDONESIA, a manufacturer of glass lenses for automotive cameras, from its founding family (the "Transaction"). For this purpose, Nidec Sankyo entered into a share purchase and transfer agreement with the founding family of NAGATA INDONESIA.

1. Purpose and background of the Transaction

As a member of the Nidec Group, Nidec Sankyo has been endeavoring to develop its businesses in alignment with the Company's growth strategy based on a combination of organic development and proactive M&A. In recent years, Nidec Sankyo has proceeded to transform and diversify its product portfolio through the acquisition of SCD Co., Ltd., a Korean manufacturer of electronic components for home appliances, in October 2012, and Mitsubishi Materials C.M.I. Corporation (currently Nidec Sankyo CMI Corporation), a Japanese manufacturer of automotive motors and electric contacts, in January 2014. NAGATA INDONESIA's strength is in the processing of glass lenses for automotive cameras, and the Company aims to further grow its strategically vital automotive products business through the Transaction.

Nidec Sankyo has its

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Posted-In: News M&A Press Releases


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