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.
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.
For the first time in the 45 year old history of the Kyoto-based multinational manufacturer of electric motors, Nidec has a new president, as Hiroyuki Yoshimoto becomes the first person to hold the post after the company’s founder Shigenobu Nagamori. The appointment was approved on June 20 at the 45th regular general meeting of shareholders and a subsequent meeting of the board of directors.
Nidec Industrial Solutions is partnering with American Wave Machines by providing the control system backbone for innovative technology which has the potential to disrupt the sport of surfing
Nidec Corporation ranked No.1 in all 7 categories in the Electronics/Components business sector of Institutional Investor’s 2018 All-Japan Executive Team. This is the sixth consecutive year of being ranked No.1 on Institutional Investor’s All-Japan Executive Team rankings.
As announced on December 4, 2017, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and Groupe PSA have completed the establishment of the joint venture that develops, manufactures and sells automotive electric traction motors. The profile of the joint venture is as follows.
The Nidec Group, presents the innovative Ultra Fast Charger (UFC), an advanced system for charging electric vehicles that hooks up to the national grid through charging towers. This solution will help pave the way for the spread of electric vehicles, a market which in many countries is still struggling to get off the ground, but which has huge opportunities for growth in the near future.
Following the announcement on April 24 that Nidec has agreed to acquire Whirlpool Corporation's compressor business, Nidec founder and CEO Shigenobu Nagamori addressed the media and investors at a press conference held in Tokyo and shared his view on the trend of outsourcing in the household appliance manufacturing industry.
April 25 marked the beginning of Auto China 2018, held in Beijing under the slogan “Steering To A New Era.” During the first two press-exclusive days, Dr. Kazuya Hayafune, the deputy executive general manager and chief engineer of Nidec's Automotive business unit, was present to answer questions from the press about Nidec’s newly announced fully integrated traction motor system.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire the compressor business (“Embraco”) of Whirlpool Corporation (“Whirlpool”) (the “Transaction”). For this purpose, Nidec entered into a stock purchase agreement on April 24, 2018 (Japan time).
Today, Nidec, a Kyoto-based leading global manufacturer of electric motors, announced the successful development of a new fully integrated automotive traction motor system (e-axle) comprising an electric motor, reduction gear box and inverter. This new system is the latest and most advanced iteration of the company's e-axle developed to respond to the growing demand for automobile electrification.
Nidec Corporation today announced that one of its Italian subsidiaries has signed a contract worth 8 million euros to design and construct a system for the port of Genoa that will enable docked vessels to plug in to the national grid and access all the energy they need to be fully operative without having to switch on their on-board engines, reducing ship emissions and noise pollution.
