Market Overview

Nidec FIR Acquires Italy-Based E.M.G. Elettromeccanica S.r.l.'s Assets; Terms Not Disclosed


Nidec Corporation (NYSE: NJ) today announced that the Company has acquired the business of E.M.G. Elettromeccanica S.r.l., a privately owned Italian company ("EMG"), on September 1, 2015 through the Company's subsidiary, Nidec FIR Elettromeccanica S.r.l. ("Nidec FIR"), in accordance with the Asset Purchase Agreement signed on July 24, 2015 (the "Transaction").

1.  Purpose of the Transaction and Future Operation Policy

In line with its continuing initiative to create an optimal business mix, the Company is actively moving forward with the development of new growth platforms with particular emphasis on automotive, appliance, commercial and industrial motors and solutions. Commercial equipment and products have been and will continue to be an important impetus in keeping the initiative on course. Since the acquisition of Nidec Kinetek Corporation and its subsidiaries, including Nidec FIR, in November 2012, the Company has added to its product portfolio a new range of motors for commercial equipment, such as pumps, kitchen appliances (dishwashers, ovens, etc.) and construction equipment (cable hoists, ladder hoists, lifts, etc.), primarily targeted at the European market.

Through the Transaction, the Company seeks to draw on EMG's core strengths and gain a strong foothold in the

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Posted-In: News M&A Press Releases


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