Nidec acquires Linear Transfer Automation and related companies

Nidec Corporation announced it has executed a share transfer agreement to acquire Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader Limited, Canadian-based press room equipment manufacturers. The acquisition was approved on September 27, 2024, and the agreement was executed on September 30, 2024.

“Nidec Corporation announced today that its Board of Directors has approved a resolution to acquire the share of Linear Transfer Automation Inc., Linear Automation USA Inc., and Presstrader Limited.”businesswire.com

• 2 sources
• businesswire.comNidec Announces its Execution of a Share Transfer Agreement on Linear Transfer Automation Inc. and its Two Related Companies, Canadian-based Press Room Equipment ManufacturerTeruaki UragoOct 1, 2024
• asia.nikkei.comJapan's Nidec on hunt for machine tool acquisition, possibly European - Nikkei AsiaEISAKU NITTA, Nikkei staff writerNov 5, 2024

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