Control Techniques Announces New Servo Drive

Press Releases   •   Oct 15, 2018 10:00 EDT

Control Techniques, part of the Nidec group of companies, has revealed its new generation of advanced servo drive technologies. The new Digitax HD servo series delivers ultimate motor control performance and flexibility, from a uniquely compact package. Targeting high axis count automation systems, Digitax HD provides all of the benefits of a modular system with a common DC bus.

Nidec Industrial Solutions animates the debate at the Innovation for Cool Earth Forum in Tokyo

Press Releases   •   Oct 11, 2018 07:00 EDT

Milan, 11 October 2018 - The second day of ICEF, Innovation for Cool Earth Forum, was held today in Tokyo, Japan. The annual event brings together all the most important personalities committed to addressing the problems linked to climate change through technological innovation in the aims of solving the most important environmental challenges of the 21st century.

Nidec Global Appliance Compressors at Chillventa 2018

Press Releases   •   Oct 10, 2018 21:58 EDT

Nidec Global Appliance Compressors (formerly Secop and formerly known as Danfoss Compressors), a forerunner in advanced refrigeration compressor technology with more than 60 years of innovation, will showcase its latest developments at the Chillventa 2018. The exhibition will take place from October 16 to 18, 2018, in Nuremberg. The company can be found in Hall 7A, Booth 208.

Nidec Completes Acquisition of MS-Graessner GmbH & Co. KG and Its Group Companies

Press Releases   •   Sep 02, 2018 20:16 EDT

KYOTO–September 3, 2018–Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired 100% ownership of MS-Graessner GmbH & Co. KG and its group companies (collectively “Graessner”), a privately owned German company group from its owners on August 31, 2018 (the “Transaction”) through Nidec-Shimpo GmbH which is the Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation (“Nidec-Shimpo”). Details are as follows:

1. Outline of Graessner

(1) Company Name: MS-Graessner GmbH & Co. KG and its group companies
(2) Headquarters: Dettenhausen, Baden-Württemberg Germany
(3) Foundation: 1955
(4) Directors: Michael Stadler: CEO, Managing Director
Thomas Merk: COO, Commercial Director
(5) Principal Places of
     Business:
Germany, Austria
(6) Principal Business: Manufacture and sale of gearboxes
(7) Employees: Approximately 166 (as of January 31,2018)
(8) Financials: Revenue: €21.8 million
Operating Profit: €2.1 million
Net Assets: €15.1 million
Total Assets: €26.2 million
(fiscal year ended December 31, 2017)


2. Purpose of the Transaction and Future Operation 

The Company has been actively engaged in manufacture, sales and after-sales services associated with gearboxes through its subsidiary, Nidec-Shimpo.

Nidec-Shimpo’s main line of gearboxes are precision planetary reducers i with a particular strength in the linear type reducers whose input and output shafts are aligned. These lines of products produced by Nidec-Shimpo are currently sold in Asia, mainly in Japan and China and the Americas.

Graessner exhibits a very strong capability in right-angle precision gearboxes whose input and output shafts are arranged at an angle of 90 degrees, particularly in hypoid reducers ii. Graessner’s current main market for these products is Europe, mainly Germany.

As a result of the Transaction, Nidec-Shimpo is now capable of offering more comprehensive precision gearbox solutions, both linear and angular types, and leveraging Graessner’s sales network to expand its sales in Europe which offers a large market for planetary gearboxes. In addition, Nidec-Shimpo plans to manufacture its newly developed strain wave gearboxes iii for robotic applications in Graessner’s German factory and offer its products along with after-sales services to Graessner’s customers serving the robot industry.

Likewise, Graessner can sell its products through Nidec-Shimpo’s sales and after-sales service network in Asia and the Americas. Also, Graessner’s cost performance will be improved by leveraging Nidec-Shimpo’s manufacturing capabilities in Asia. The Company expects the Transaction will offer mutually beneficial opportunities to capture the rapidly growing robotic demand.

Nidec-Shimpo and Graessner have strong brands, high technological capabilities and solid customer bases. The Company believes that its financial strength and global presence will bolster these advantages, which will help the Company achieve the future growth. The Company will continue to serve customers who desire to achieve the highest standards of productivity.

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i Gearbox with the gearing mechanism where the planetary gears rotate around the center axis at the same time that it revolves around the center gear.
ii Type of spiral bevel gearbox that the gears’ axes do not intersect and the gears’ geometry allows contact in multiple teeth allowing higher torque transmission.
iii Gearbox mechanism where the main components are the cam, flexible bearing, flexible gear and internal gear which utilizes the differential movement between the oval flexible gear and the circular internal gear, applied in applications that require small size, light weight and high efficiency such as robotics applications.

3. Effect on Financial Performance for the Current Fiscal Year

The Transaction is expected to have no significant impact on the Company’s consolidated financial performance for the fiscal year ending March 31, 2019. If necessary, the Company will make additional disclosures on a timely basis in accordance with the rules of the Tokyo Stock Exchange upon determination of further details.

Cautionary Statement Concerning Forward-Looking Information

This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. Such forwardlooking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the risks to successfully integrating the acquired business with the Nidec Group, the anticipated benefits of the Transaction not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies and changes in business and regulatory environments. The Nidec Group does not undertake any obligation to update the forward-looking statements contained herein or the reasons why actual results could differ from those projected in the forward-looking statements except as may be required by law.

Nidec was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing more than 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $13B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec Corporation today announced that the Company has acquired 100% ownership of MS-Graessner GmbH & Co. KG and its group companies, a privately owned German company group from its owners on August 31, 2018 through Nidec-Shimpo GmbH which is the Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation.

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Nidec to Further Strengthen its Appliance, Commercial and Industrial Motor Division

Press Releases   •   Aug 29, 2018 04:30 EDT

KYOTO–August 29, 2018–The Japan-based multinational manufacturer of electric motors Nidec keeps growing, and the company’s Appliance, Commercial and Industrial Motor (ACIM) division is set to play an important role in the continued growth of the company group. As a part of its growth strategy, Nidec has named Henk van Duijnhoven as Global Business Leader of its ACIM division.

Cost Awareness and Flexibility: Nidec Founder’s Thoughts on Successful Production Management

Press Releases   •   Aug 08, 2018 01:02 EDT

What is the role of manufacturing plants? Is it enough to just produce high-quality goods? Not according to Nidec’s founder Shigenobu Nagamori. At a meeting with investors in Tokyo, Nagamori emphasized the importance of thinking of production plants as profit centers—units accountable for profitability.

Nidec-Shimpo Announces New Models of the S-CART Series of Automated Guided Vehicles (AGVs)

Press Releases   •   Jul 09, 2018 03:02 EDT

Nidec-Shimpo, a subsidiary of Nidec, today announced that the company will begin shipping a new model of Automated Guided Vehicles (AGVs) – the next model in the company's S-CART series – equipped with a “Follow-Me” function. Additionally, the company has also developed a separate new model equipped with a “Return-To-Home” function as well as a model designed to carry a maximum payload of 500 kg.

AGVs in Logistics

Blog posts   •   Jul 09, 2018 03:01 EDT

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

Press Releases   •   Jul 02, 2018 20:22 EDT

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it acquired a 100% ownership interest in CIMA S.p.A. (“CIMA”), an Italian commercial motor manufacturer, from its shareholders (the “Transaction”) on July 2, 2018, local time. As a result of the Transaction, CIMA became a consolidated subsidiary of Nidec, as outlined below:

1. Outline of New Subsidiary

(1) Company Name: CIMA S.r.l.(*)
(2) Headquarters: Vicenza (Italy)
(3) Foundation: 1977
(4) Directors:
Director and Chairman, CEO:

Director:


Director:

Paolo Delpogetto
(FIR Elettromeccanica S.r.l., CEO)
James Halley
(Appliance, Commercial and Industrial
Motor Business Unit, CFO of European business)
Fabrizio Montoro
(FIR Elettromeccanica S.r.l., Operations Manager)
(5) Principal Business: Designs, manufactures and sells commercial motors
(6) Employees: 54 (as of March, 2018)
(7) Sales: €13.4 million (fiscal year ended December 31, 2017)
(8) Operating Income (**):
€1.7 million (fiscal year ended December 31, 2017)
(Operating margin 13.0%)
(9) Net Assets: €9.9 million (fiscal year ended December 31, 2017)
(10) Total Assets: €15.2 million (fiscal year ended December 31, 2017)

(*) At closing of the Transaction, CIMA has been transformed from a joint stock company (S.p.A., Società per Azioni) into a limited liability company (S.r.l., Società a responsabilità limitata) in order to conduct its management decision making swiftly.
(**) The amount remaining after subtracting one-time expenses or income. Further onetime expenses or income will not occur in the post-acquisition period.

2. 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 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 Kinetek Group Inc. and its subsidiaries, including FIR Elettromeccanica S.r.l. (“FIR”), in November 2012, the Company has added to its product portfolio a new range of pumps and motors for commercial kitchen equipment used for food-service operations including restaurants and canteens (e.g., dishwashers, convection ovens), motors for construction equipment (e.g., cable hoists, ladder hoists, lifts) and pumps, primarily targeted at the European market.

In order to strengthen its commercial motor business in Europe, the Company, setting FIR as a core business platform in Europe, acquired the business of E.M.G. Elettromeccanica S.r.l. (“EMG”) in September 2015, E.C.E. S.r.l. in May 2016 and LGB Elettropompe S.r.l. (“LGB”) in July 2017.

The main products of CIMA are motors used for ventilations and fans for agricultural and industrial purposes. Since there is no overlap between the products of FIR and those of CIMA, the Transaction helps FIR expand its product portfolio. In addition, utilizing FIR’s supply chain and facilities, CIMA will improve its profitability by generating both procurement and cost reduction synergies.

3. Effect on Financial Performance for the Current Fiscal Year
The Transaction is expected to have no significant impact on the Company’s consolidated financial performance for the fiscal year ending March 31, 2019.

Cautionary Statement Concerning Forward-Looking Information
This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. Such forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements as a result of various factors, including, but not limited to, the risks to successfully integrating the acquired business with the Nidec Group, the anticipated benefits of the planned transaction not being realized, changes in general economic conditions, shifts in technology or user preferences for particular technologies, other risks relating to the successful consummation of the planned transaction, and changes in business and regulatory environments. The Nidec Group does not undertake any obligation to update the forward-looking statements contained herein or the reasons why actual results could differ from those projected in the forward-looking statements except as may be required by law.

Nidec was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it acquired a 100% ownership interest in CIMA S.p.A. (“CIMA”), an Italian commercial motor manufacturer, from its shareholders (the “Transaction”) on July 2, 2018, local time. As a result of the Transaction, CIMA became a consolidated subsidiary of Nidec.

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Nidec’s CEO and COO Talk about Future Growth and the Company’s New Leadership Structure

Press Releases   •   Jun 28, 2018 22:35 EDT

On June 20, over 1,000 Nidec shareholders gathered in Japan’s ancient capital Kyoto, the home of the company group’s corporate head office, to attend Nidec’s 45th annual general meeting. As customary, the two-hour long meeting was chaired by the company founder and CEO Shigenobu Nagamori who personally responded to all of the questions from the attending shareholders.

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About Nidec

For Everything That Spins and Moves

​Nidec was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing approximately 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $10B. Nidec's motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.

Address

  • Nidec
  • Nidec head office (Kyoto, Japan)
  • 338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto
  • Japan