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Nidec Acquires Electronics; Terms Not Disclosed

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Nidec Corporation (NYSE: NJ) today announced that it has acquired full ownership of KB Electronics, Inc., a privately owned US company, ("KB") from its founding members, through the Company's subsidiary, Nidec Americas Holding Corporation on August 31, 2015 (the "Transaction").

1.  Purpose of the Transaction and Future Operation Policy

Nidec is strategically developing new growth platforms in the automotive, appliance, commercial and industrial markets. Beginning with the acquisition of Emerson's motors and controls division in September 2010, the Company has expanded its product offerings through acquisition, positioning the acquired motor company, now known as Nidec Motor Corporation, as the center of excellence for appliance, commercial and industrial motors and solutions for the Company.

KB offers a full line of controls for AC and DC motors from fractional through 5 horsepower, primarily used for industrial automation, heating, ventilating, and air conditioning (HVAC), pumps and material handling systems. The company manufactures more than 200 types of standard off-the-shelf controls for a variety of industrial and commercial applications.

"The addition of KB drives and controls into the Nidec product portfolio expands our ability to provide packaged solutions to customers who want to pair a simple

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Posted-In: News M&A Press Releases

 

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