Press releases • May 27, 2020 02:30 EDT
Geometry C, the new electric vehicle recently unveiled by Geely Automobile, will be driven by Nidec's 150 kW E-Axle model Ni150Ex
Nidec Engineer Uses Design and Project Management Skills in Personal Protective Equipment Production
Press releases • Apr 21, 2020 22:14 EDT
ST. LOUIS – April, 2020 – When the COVID-19 crisis began to emerge, Josh Biro, like so many people throughout the world, wanted to make a personal contribution to help. And as the pandemic evolved, he has been using his skills as a mechanical engineer to help healthcare workers on the frontlines of battling the virus.
Blog posts • Apr 15, 2020 03:48 EDT
Nidec Corporation ranked No.1 in all 4 categories, which are Best CEOs, Best CFOs, Best IR Professionals, Best IR Programs in the Electronics/Components business sector on Institutional Investor’s 2020 All-Japan Executive Team. This is the eighth consecutive year of being ranked No.1 on Institutional Investor’s All-Japan Executive Team rankings.
2020 All-Japan Executive Team is a survey executed by Institutional Investor, a world-leading financial information company based in the U.S. Started in 2013, these annual rankings are conducted based on buy- and sell- side analysts’ votes evaluating the nominated companies’ investor relations attributes including management’s accessibility and timely and accurate disclosure of essential financial information. This year, 490 Japanese companies were nominated across 24 business sectors, and 189 asset management companies casted their ballots to determine the rankings.
Nidec will be continuously committed to creating corporate value over the long term through greater openness and accessibility in Investor Relations activities.
For more information, click the following article on Institutional Investor Magazine.
Press releases • Mar 31, 2020 21:39 EDT
Released on April 1, 2020, in Kyoto, Japan
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company has signed a definitive agreement with Secop Austria GmbH (“Secop”) on March 31, 2020, by which Nidec will acquire the Delta production line from Secop (“the Transaction”) through the Company’s sub-subsidiary Nidec Global Appliance Italy S.r.l. and its Austrian company, as outlined below.
With this transaction, Nidec and Secop aim to preserve as many jobs as possible at the site in Fürstenfeld, Austria. Nidec will take over approximately 40 employees for the production of household refrigeration compressors on the Delta line and has already retained 47 employees for the production of motors for washing machines and dish washers. Furthermore, Secop will retain and strengthen its group headquarter in the Fürstenfeld area and therefore retain in excess of 80 employees. As a result, more than 170 of the current 300 jobs at the Fürstenfeld site will be saved. For the remaining employees, Secop offers socially responsible solutions.
Secop will transfer its second Austrian production line for the production of Kappa compressors, which was not for sale, to its European production facility in Zlaté Moravce, Slovakia. It was confirmed between the parties that for several reasons, including competitive issues, the Kappa line is not for sale to Nidec.
1. Overview of the Business
|(1) Transferor||Secop Austria GmbH|
Eff Siebzigacht Beteiligungsverwaltung GmbH
(a subsidiary of Nidec Global Appliance Italy S.r.l. )
|(3) Headquarters of Secop||Fürstenfeld, Austria|
|(4) Transferred Business||
Business relating to development,
manufacture and sale of
Delta compressor products
|(5) Employees||Approximately 40|
|(6) Closing||By June 1, 2020 expected|
2. Purpose and Background of the Transaction
As described in “Nidec to sell its Secop Compressor Business to ESSVP IV advised by Orlando Management” on April 22, 2019, the compressor business of Nidec was sold to Secop as a condition for the European Commission’s approval of Nidec’s acquisition from Whirlpool in July 2019. Nidec remained active in the household compressor business as a result of its acquisition of Embraco. Nidec became aware that Secop Austria would suspend its operation in Fürstenfeld following Secop’s press release of October 22, 2019 and intended to offer for sale the Delta production line. In light of Nidec’s business strategy and economic rationale in Europe, and its confidence in the work force at Fürstenfeld, Nidec decided to further invest in Fürstenfeld and execute the Transaction with Secop Austria.
As a result of the Transaction, Nidec will take over approximately 40 employees who were engaged in the Delta compressor business. Nidec will work further to strengthen its refrigerator compressor business.
Finally, Nidec has been in close communication with the European Commission with regard to the proposed acquisition. Closing of the Transaction is conditional on approval by the European Commission which Nidec expects shortly.
3. Effect on Financial Performance for the Current Fiscal Year
Nidec intends to make appropriate disclosures regarding the impact of the Transaction described herein on its consolidated financial performance for the current fiscal year and announce any changes to its financial performance in accordance with the applicable rules of the Tokyo Stock Exchange once such details are determined.
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 forwardlooking 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 (TSE: 6594; OTC US: NJDCY) announced today that it has signed a definitive agreement with Secop Austria GmbH on March 31, 2020, by which Nidec will acquire the Delta production line from Secop through the Company’s sub-subsidiary Nidec Global Appliance Italy S.r.l. and its Austrian company.
Press releases • Feb 13, 2020 01:40 EST
Nidec has added two new models to its lineup of traction motor systems for electric vehicles: a 200 kW model for the D and E segments (large family cars and full-size / executive cars) and a 50 kW model for the A segment (micro / city / kei cars). With the addition of these two new models, the company's E-Axles can now be used by an estimated 98% of all electric passenger vehicles.
Press releases • Feb 07, 2020 01:15 EST
On February 4, 2020 Nidec held a press conference about the personnel changes resolved at a meeting of the board of directors held on the same day. The following is a summary of the statements made by the speakers at the press conference.
Blog posts • Jan 22, 2020 00:00 EST
The need to save labor and boost productivity in Japan's agricultural sector has become an urgent issue due to the aging and decreasing farming population. Set against this backdrop, Yamaha Motor's agricultural spraying drone launched in March 2019 is gathering attention as a possible solution. Read about the development of the motor that drives the propellers of the drone.
Press releases • Jan 06, 2020 01:30 EST
Nidec's EV traction motor system takes home the Nihon Keizai Shimbun Grand Prize Award in the 2019 Nikkei Superior Products and Services Awards
Nidec Mobility and University of Waterloo Collaborate on Sensor for Detection of Unattended Infants, Toddlers or Pets in Cars
Press releases • Dec 24, 2019 01:31 EST
Nidec Mobility announces that the company is collaborating with University of Waterloo in Canada on the development of technology for improving the performance of in-vehicle radar sensors for detection of unattended children or animals.
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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... Show more
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 head office (Kyoto, Japan)
- 338 Kuzetonoshiro-cho, Minami-ku 601-8205 Kyoto