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

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.

Recently, the company announced an upward revision to its consolidated fiscal first-half and year-end financial forecasts for FY2018. At the same time, the company's appliance, commercial and industrial product segment recorded its highest-ever quarterly operating profit.

Nidec’s Appliance, Commercial and Industrial Motor division accounts for 35% of the company group’s revenue

As a part of its growth strategy, Nidec has named Henk van Duijnhoven as Global Business Leader of its ACIM division. He has also been appointed CEO of St. Louis-based Nidec Motor Corporation, one of Nidec’s largest subsidiaries.

Most recently, van Duijnhoven was a Partner and Managing Director of The Boston Consulting Group, where he was responsible for business turnaround, mergers and acquisitions, and strategy planning for clients in the Industrial and Medtech markets.

He holds a Bachelor of Sciences degree from the College of Automotive Engineering and a Master of Business Administration from the Massachusetts Institute of Technology.

Nidec's Appliance, Commercial and Industrial Motor (ACIM) division was formed through a series of mergers and acquisitions that include businesses that were previously part of Emerson Electric Co. On April 24, 2018 Nidec announced that it has entered into a stock purchase agreement to acquire the compressor business of Whirlpool Corporation.

Henk van Duijnhoven, New Global Business Leader of Nidec’s ACIM division and CEO of St. Louis-based subsidiary Nidec Motor Corporation

About Nidec
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.

About Nidec Motor Corporation
Nidec Motor Corporation (NMC) is a leading manufacturer of commercial, industrial and appliance motors and controls. The company joined the Nidec group in September 2010. The NMC product line features a full line of high efficiency motors, large and small, which serve industrial, residential and commercial markets in applications ranging from agriculture, water treatment, mining, oil and gas, and power generation to pool and spa motors, air conditioning condensers, rooftop cooling towers and commercial refrigeration. It also makes motors, controls and switches for automotive and commercial markets. For more information, visit http://www.nidec-motor.com/