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Nidec ACIM inaugurated a new production line for Embraco FMS variable-speed compressors at its Joinville plant, with capacity of up to 5 million units per year and over 220 direct jobs.
Nidec affiliate Embraco announced a compressor manufacturing facility in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, with over $120 million investment, 6 million units annual capacity and 750 to 1,000 jobs, with operations starting in the second half of 2026.
Nidec will invest $120 million in a new 55,000 square metre factory in Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra, to make Embraco refrigeration compressors and inverters. Operations are planned to start in the second half of 2026 and create 750 to 1,000 direct jobs.
Nidec is investing more than 22 million euros over the next two years at its Fürstenfeld site in Austria, for a new inverter production line and production of its ATOM compressor family.
NIDEC will invest $23 million to expand its operations in Reynosa, Tamaulipas, Mexico, creating 384 jobs. The Tamaulipas state government announced the investment on 29 July 2024.
Nidec signed a definitive agreement with Secop Austria to acquire the Delta household refrigeration compressor production line in Fürstenfeld, taking over about 40 employees. Closing is expected by June 1, 2020.
The European Commission announced it would investigate planned job losses at a divested compressor plant in Fürstenfeld, Austria, after Nidec acquired Whirlpool's Embraco compressor business under conditional merger approval. The job cuts were announced in October 2019 and reportedly affect around 250 employees.
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.
Whirlpool Corporation has completed the sale of its Embraco compressor business in Brazil and worldwide to Japanese motor maker Nidec. The deal was first announced in April 2018.
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.
Nidec agreed to sell its entire Secop refrigeration compressor business to ESSVP IV and Silenos GmbH, subject to approvals in Germany, Austria, Spain and by the European Commission.
The European Commission approved Nidec's proposed acquisition of Whirlpool's Embraco refrigeration compressor business, conditional on Nidec's divestment and investment commitments. The purchase price was $1.08 billion, agreed on 24 April 2018.
The European Commission approved Nidec's proposed acquisition of Embraco, Whirlpool's refrigeration compressor business, subject to Nidec's commitments. The clearance decision was dated 12 April 2019.
Turkey's Competition Board placed Nidec Corporation's acquisition of sole control of Whirlpool's compressor unit Embraco under final examination, a decision dated 20 December 2018 and announced 16 January 2019. The deal is suspended until a final decision.
The European Commission opened an in-depth merger investigation into Nidec's proposed acquisition of compressor maker Embraco from Whirlpool, citing concerns about competition in refrigeration compressors. The Commission has until 15 April 2019 to decide.
Nidec completed a tender offer for 48.0% of the outstanding shares of Taiwan-based Chaun-Choung Technology Corp. The tender offer began on 3 October 2018 and was announced on 30 November 2018.
Nidec completed its acquisition of Whirlpool Corporation's compressor business, Embraco, on 2 July 2019 after European Commission approval. Embraco operates in Brazil.
OMRON Automotive Electronics became part of the Nidec group under the new name Nidec Mobility, to work with Nidec's automotive motor unit on modules and systems. The change was reported on 12 November 2019.
Nidec signed a definitive agreement to acquire the Delta production line from Secop Austria through its Nidec Global Appliance Italy subsidiary and Austrian company. The agreement was signed on 31 March 2020.
Nidec Corporation acquired 100% of CIMA S.p.A., a Vicenza-based maker of commercial motors for ventilation and fans, on July 2, 2018. The deal strengthens Nidec's European commercial motor business.
Nidec Corporation agreed to buy Whirlpool's Embraco compressor business for $1.08 billion in cash. The deal excludes Embraco Europe srl in Riva di Chieri, Italy, where Whirlpool plans to end production.
Japan's Nidec Corp acquired a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer, reported in World Pumps' Q3 2017 review.
Nidec Corporation completed the acquisition of 100% of Secop Holding GmbH and other Secop entities, German compressor manufacturer, from Aurelius on July 31, 2017. The companies are being renamed Nidec Global Appliance entities.
Japan's Nidec Corp has taken a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer. The article is dated 1 July 2017 and gives no price.
Nidec plans a sevenfold increase in production capacity for speed reducers used in industrial robots, adding equipment to meet rising automation demand.
Japanese motor maker Nidec plans to fully acquire the Secop group, a German refrigerator components maker, in a deal valued at $227 million. The move aims to capture demand from tightening environmental regulations.
