Category: Automotive

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

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 July 3, 2018, in Kyoto, Japan

Nidec Acquires CIMA S.p.A., an Italian Commercial Motor Manufacturer

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, as outlined below:

1. Outline of New Subsidiary

(1) Company Name:

CIMA S.r.l.(*)

(2) Headquarters:

Vicenza (Italy)

(3) Foundation:

1977

(4) Directors:

　Director and Chairman, CEO:

Paolo Delpogetto
(FIR Elettromeccanica S.r.l., CEO)

　Director:

James Halley
(Appliance, Commercial and Industrial
Motor Business Unit, CFO of Euro..

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