# 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.

- Type: Acquisition
- Announced: 2024-10-01
- Where: Barrie, Ontario, Canada
- Value: $330.0M
- Status: announced
- Products: press peripheral equipment, in-line parts/material transfer automation, post-process automation equipment
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (acquirer)
- [Linear Transfer Automation Inc.](https://endata.com/companies/80174.md) (target)
- [Linear Automation USA Inc.](https://endata.com/companies/80175.md) (target)
- [Presstrader Limited](https://endata.com/companies/80176.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20240930707546/en/Nidec-Announces-its-Execution-of-a-Share-Transfer-Agreement-on-Linear-Transfer-Automation-Inc.-and-its-Two-Related-Companies-Canadian-based-Press-Room-Equipment-Manufacturer), 2024-10-01: "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."
- [asia.nikkei.com](https://asia.nikkei.com/business/business-deals/japan-s-nidec-on-hunt-for-machine-tool-acquisition-possibly-european), 2024-11-05: "Nidec group is considering acquiring a machine tool maker with 50 billion yen ($330 million) or more in sales as part of a push to lift revenue."

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