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Nao Maeda
Press contact Media Relations (China) newsdesk@nidec.com
Izumi Nagata
Press contact PR Department nagata.izumi@nidec.com +81 80-9674-9227
Kana Sato
Press contact PR Department sato.kana@nidec.com +81 80-7998-4066

29 November 2022 18:36
Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that, the Company passed a resolution on, among others, purchasing the shares of Italian machine tool manufacturer PAMA and its nine affiliates (collectively “PAMA”) (the “Stock Acquisition”) on November 28, 2022 (Japan time). The Company executed a transfer agreement on the Stock Acquisition, etc. on November
6 December 2022 02:15
Notice of Establishing a Joint Venture with FREYR Battery, a Semi-Solid Lithium-Ion Battery Manufacturer

Nidec Corporation (“Nidec” or the “Company”) (TSE: 6594; OTC US: NJDCY) announced today that the Company has completed the establishment procedures for the joint venture agreement with FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, as previously disclosed on August 30, 2022.

1. Overview of the joint venture to be established
(1) Company n