# ESSVP IV acquires Nidec's Secop refrigerator compressor business

Private equity fund ESSVP IV, advised by Orlando Management AG, has acquired the refrigerator compressor business of Nidec Corporation, operating under the Secop brand, which has over 1,800 employees and plants in Slovakia, Austria and China.

- Type: Acquisition
- Announced: 2019-09-13
- Status: completed
- Products: refrigerator compressors, freezer 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) (acquirer)
- [Orlando Management AG](https://endata.com/companies/5106.md) (investor)

## Sources

- [gof-partner.com](https://www.gof-partner.com/en/news-detail/guett-olk-feldhaus-advises-essvp-iv-on-acquisition-of-refrigerator-compressor-business-from-nidec), 2019-09-13: "Gütt Olk Feldhaus has advised ESSVP IV, a private equity fund advised by Orlando Management AG, on the acquisition of the refrigerator compressor business from Nidec Corporation, Japan."

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