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Category: Automotive
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:
..
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