Author: Nidec Online News

Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on February 1, 2019, in Kyoto, Japan

Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its
Group Companies

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to acquire a 70% ownership of a privately owned German company, DESCH Antriebstechnik GmbH & Co. KG and its group companies in Germany and China (collectively “DESCH”), from its owners on January 31, 2019 (the “Transaction”) through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation. Details are as follows:

1. Outline of DESCH

(1) Company Name:
DESCH Antriebstechnik GmbH & Co. KG and its group companies

(2) Headquarters:
Arnsberg, Germany

(3) Foundation:
1906

(4) Directors:
Hendrik Desch, CEO

Olaf Desch, Managing ..

Nidec Completed Acquisition of Systeme + Steuerungen GmbH and Its Group Companies

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on February 5, 2019, in Kyoto, Japan

Nidec Completed Acquisition of Systeme + Steuerungen GmbH
and Its Group Companies

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired a 100% ownership of a privately owned German company, Systeme + Steuerungen GmbH and its group companies (collectively “SYS”), from its owners on February 4, 2019 (the “Transaction”) through Nidec-Shimpo GmbH, a German-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation. SYS is renowned for its industry-leading, high-speed and high-precision feeding equipment for press machines. Details are as follows:

1. Outline of SYS

(1) Company Name:
Systeme + Steuerungen GmbH and its group companies

(2) Headquarters:
Grafenau, Germany

(3) Foundation:
..

Nidec Completes Acquisition of DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on March 4, 2019, in Kyoto, Japan

Nidec Completes Acquisition of DESCH Antriebstechnik GmbH & Co.
KG and Its Group Companies

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has completed the acquisition of 70% ownership of DESCH Antriebstechnik GmbH & Co. KG and its group companies (collectively “DESCH”), privately owned German companies from its owners (the “Transaction”) through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation.
The Transaction was performed in line with the acquisition plan announced on February 1, 2019. As a result of the Transaction, DESCH became consolidated subsidiaries of Nidec, as outlined below:

1. Outline of New Subsidiaries

(1) Company Name:

DESCH Antriebstechnik ..

Notice on Lawsuit Filed Against Nidec

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on March 12, 2019, in Kyoto, Japan

Notice on Lawsuit Filed Against Nidec

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) announced that on Friday, March 8, 2019 eastern standard time, Whirlpool Corporation (“Whirlpool”) has initiated a lawsuit in the United States District Court for the Southern District of New York against Nidec, alleging that Nidec is in breach of its obligations contemplated by the Share Purchase Agreement (”SPA”) whereby Nidec agreed to acquire their compressor business (“Embraco”) from Whirlpool, as Nidec announced in its press release “Nidec to Acquire Whirlpool Corporation’s Compressor Business” dated April 24, 2018.
The complaint alleges that Nidec has failed to take all actions required under the SPA to obtain antitrust approval of the Embraco acquisition before Apr..

Notice Regarding the Status of Own Share Repurchase

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on April 1, 2019, in Kyoto, Japan

Notice Regarding the Status of Own Share Repurchase

(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of theCompany Law of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From March 1, 2019 through March 31, 2019
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen
Note: The above repurcha..

Notice on Dismissal of Lawsuit Against Nidec

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on April 1, 2019, in Kyoto, Japan

Notice on Dismissal of Lawsuit Against Nidec

As announced on March 12, 2019 in the “Notice on Lawsuit Filed Against Nidec”, Whirlpool Corporation (“Whirlpool”) commenced a lawsuit in the United States District Court for the Southern District of New York (the “Court”) against Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”), alleging that Nidec is in breach of its obligations contemplated by the Share Purchase Agreement (the ”SPA”) whereby Nidec agreed to acquire their compressor business from Whirlpool.

We would like to inform that the Court spontaneously dismissed the litigation without prejudice on March 27, 2019. Nidec remains focused on obtaining the approval of relevant antitrust authorities and to complete the transaction with Whirlpool as per the SPA.