The work-style reform initiative launched by the Japanese government is gaining traction in industrial circles. For Nidec, a company that used to be known for long hours and a gung-ho attitude, the shift toward a more efficient way of working started about three years ago. In order to win in the global competition, the company has set out to achieve "double productivity and zero overtime" by 2020.
Nidec is known for making active use of mergers & acquisitions (M&A) as a part of its management strategy. In this installment, Takamitsu Araki, senior vice president and general manager of Nidec's corporate strategy office, explains the company's M&A strategy and recipe for successful acquisitions.
ST. LOUIS – August 23, 2019 –BLUE HAWK, the cooperative that represents independent HVACR distributors throughout the U.S., has named Nidec Motor Corporation (NMC) Vendor Partner of the Year.
Nidec's contribution to sustainability has traditionally been in the shape of efficient motors that reduce energy consumption, but for some time we have been stepping up our efforts to contribute through energy creation as well. In this installment, we take a look at Nidec ASI's strategy as told by Franck Girard, the Chairman & Managing Director of Nidec ASI - France.
Nidec started out in 1973 with 4 people and a dream—becoming the world’s number 1 manufacturer of electric motors. Now, 100,000 people in 40 countries produce 3 billion motors per year under the Nidec umbrella. In this short video, the 3 key drivers behind Nidec’s growth and “5 waves”—trends to look out for—are introduced.
Nidec Corporation announced today that it has adopted at a meeting of the Board of Directors held on August 1, 2019 a resolution to execute a contract with GAC Components Co., Ltd., a member of China-based Guangzhou Automobile Group Co., Ltd., to establish a joint venture to manufacture automotive traction motors.
Announced in 2014, the revolutionary power wheelchair "WHILL" stands out for its sophisticated design and ease of use. More than just a wheelchair, it is truly worthy of being called a "next-gen personal mobility device." The latest model, announced in April 2017, is lighter, more compact and even easier to use, in part due to a custom-developed Nidec motor.
Nidec Corporation announced today that the Company completed the acquisition of the compressor business (“Embraco”) of Whirlpool Corporation on July 2, 2019 (July 1, 2019 local time in Brazil) following the European Commission’s approval granted on June 26, 2019.
The eyes of the world are focused on autonomous driving as companies around the globe push to develop technologies that contribute to a safer motorized society. One of these technologies, the world's smallest ADAS sensing unit of its kind that integrates a monocular camera and a millimeter wave radar, was announced by the Nidec group in September 2017.
As the electrification of automobiles rapidly progresses, Nidec is strengthening its presence in the industry. Recently, the company made its entry into the market for automotive traction motors—a key component at the core of fully electric (EV) and plug-in-hybrid electric vehicles (PHEV)—with the E-Axle.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that two Nidec subsidiaries, Nidec Europe B.V. and Nidec Americas Holding Corporation will sell Nidec’s entire compressor business, Secop, to ESSVP IV L.P., ESSVP IV (Structured) L.P., and Silenos GmbH & Co. KG (collectively “ESSVP IV”), advised by Orlando Management AG (“the Transaction”).
Nidec Corporation announced today that its Board of Directors has approved a resolution to acquire OMRON Automotive Electronics Co. Ltd. from OMRON Corporation. Through the Transaction, the Company will be able to create new module and systems products by combining Nidec's and OMRON Automotive Electronics’ products.
