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Nidec

Nidec Corporation (ニデック株式会社), formerly known as Nippon Densan Corporation (日本電産株式会社), is a Japanese manufacturer and distributor of electric motors. Their products are found in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives.[2][3]

The two product groups with the largest sales are hard-disk drive motors and automotive products with 16% and 22% of sales, respectively.[1]

As of 2017, the company has 296 subsidiaries companies located across Japan, Asia, Europe and the Americas.[4] Nidec is listed on the first section of the Tokyo Stock Exchange[5] and is a constituent of the TOPIX 100 stock market index.

The company was number 42 on the 2005 edition of the Businessweek Infotech 100 list.[6] Also Nidec was featured on the 2014 Forbes World's Most Innovative Companies list.[7]

History

Nidec acquisitions

  • Nidec ASI. In 2012 Nidec acquired Ansaldo Sistemi Industriali S.p.A. which became Nidec ASI.[8] Since 2012 Nidec ASI has been involved in comprehensive drive technology. As a part of the Nidec Group, the core business of Nidec ASI S.p.A. includes energy, marine, metals, oil & Gas and general industry (cement, water treatment, rubber and plastic, materials handling, glass, ceramics, paper and ropeway). Since 2014, Giovanni Barra has been CEO of Nidec ASI[9]
  • Nidec Leroy-Somer. On January 31, 2017, Nidec acquired Leroy-Somer from Emerson Electric which became Nidec Leroy-Somer Holding.[10][11]
  • Nidec Global Appliance Compressors GmbH. On July 31, 2017, Nidec acquired Secop GmbH, a German hermetic compressor manufacturer from Aurelius Equity Group, expanding further into the refrigeration market.[12] Since April 28, 2018, Nidec has entered into an agreement with Whirlpool Corporation to acquire the refrigeration compressor business of Embraco.[13] In response to antitrust concerns, in 2019 Nidec sold Secop.[14]
  • In November 2018, Nidec became a shareholder of Nidec Chaun-Choung Technology Corporation, a long-established cooling company in Taiwan. In December 2019, it again announced that it would increase its shareholding from 49.01% to 53.48%, and reached 67% shareholding in December 2020.

External links

References

  1. Company Profile Nidec, retrieved December 4, 2017^
  2. Nidec Corporation Company Profile Hoovers, retrieved February 2, 2015^
  3. Nidec Corporation Snapshot Bloomberg Businessweek, retrieved February 2, 2015^
  4. Nidec Corporation CSR Report (2017) Nidec, retrieved December 4, 2017^
  5. Nidec Corporation Stock Data Japan Exchange Group, retrieved February 2, 2015^
  6. The Future of Technology: The Big Trends Ahead and Our Ranking of the Top 100 Info Tech Companies Bloomberg Businessweek, 2005, retrieved February 2, 2015^
  7. The World's Most Innovative Companies Forbes, retrieved February 2, 2015^
  8. Nidec ASI official web site^
  9. Nidec-Asi, il nuovo ad è Barra: Gemme vicepresidente The Medi Telegraph, May 20, 2014, retrieved April 15, 2016^
  10. Nidec Completes Acquisition of Leroy-Somer Emerson Electric, February 1, 2017, retrieved July 25, 2017^
  11. Nidec Leroy-Somer Holding retrieved 2017-07-24^
  12. Nidec Corporation. Nidec Completes Acquisition of Secop Group (Secop Holding GmbH and Other 3 Entities), a German Compressor Manufacturer GlobeNewswire News Room, retrieved 2018-06-05^
  13. Nidec to Acquire Whirlpool Corporation's Compressor Business - NASDAQ.com NASDAQ.com, retrieved 2018-06-06^
  14. Nidec to Sell Its Secop Compressor Business to ESSVP IV – Advised by Orlando Management AG www.secop.com, retrieved 2019-10-30^