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Nidec Acquires Arisa, S.A.; Terms Not Disclosed

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Nidec Corporation (NYSE: NJ) today announced that it acquired a 100% ownership interest in Arisa, S.A. ("Arisa"), a leading press machine manufacturer based in Spain, from its founding families on August 24, 2015 (the "Transaction").

1. Outline of New Subsidiary

(1)

Company Name:

Arisa, S.A.

(2)

Outline of Arisa, S.A.:

 

 

(a) Headquarters:

Logroño, province of La Rioja, Spain

 

(b) President:

Javier Aldama, the current president of Arisa, S.A., will remain in the same position after the Transaction

 

(c) Subsidiary:

Arisa Servicio Tecnico, S.A.

 

(d) Principal Business:

Development, manufacturing, sales and aftermarket services of large-sized servo press machines

 

(e) Employees:

113 (as of March 31, 2015)

 

(f) Sales in 2014 and estimate for 2015:

€20.4 million (Fiscal year ended December 31, 2014)

 

 

€38.0 million (estimate for fiscal year ending December 31, 2015)

2.  Purpose of the Transaction and Future Operation Policy

The Transaction is intended to help one of the Company's subsidiaries, Nidec-Shimpo Corporation ("Nidec-Shimpo"), to expand its technological and market reach in the global press machine market.

Nidec-Shimpo (Nagaokakyo City, Kyoto, Japan) manufactures and sells press machines under Kyori and Minster brands (FY2014 press machine sales: JPY 22.5 billion). In April 2012, Nidec-Shimpo merged with Nidec-Kyori Corporation ("Kyori") which manufactures and sells high precision, high speed press machine with a press capacity ranging from 30 to

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Posted-In: News Contracts M&A Press Releases

 

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