# Nidec agrees to sell Secop compressor business to ESSVP IV

Nidec Corporation signed an agreement to sell its Secop compressor business to ESSVP IV, a private equity fund advised by Orlando Management AG. Closing is expected in about three months.

- Type: Acquisition
- Announced: 2019-06-04
- Status: announced
- Products: compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Secop GmbH](https://endata.com/companies/1285.md) (target)
- [Nidec](https://endata.com/companies/1321.md) (partner)
- [ESSVP IV](https://endata.com/companies/4932.md) (investor)
- [Orlando Management AG](https://endata.com/companies/5106.md) (partner)

## Sources

- [secop.com](https://www.secop.com/updates/news/nidec-to-sell-its-secop-compressor-business-to-essvp-iv-advised-by-orlando-management-ag), 2019-06-04: "Nidec Corporation has signed an agreement to sell Secop to ESSVP IV, advised by Orlando Management AG"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.