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Nidec Completes the Acquisitions of Stock, Etc. of

Member of the Board: Kenichi Wakabayashi
Member of the Board: Jeffrey S. Williams
Member of the Board: Katsuhide Yabe
Member of the Board: Katsunori Nakamura
2. Purpose of the Stock Acquisition and Management Policies Going Forward
The acquisition of machine tool business achieves a mutual complement with our existing businesses. Synergies are expected particularly in the machinery business, element technology development, manufacturing, sales, and other areas of our group’s businesses.
Mitsubishi Heavy Industries Machine Tool started its business in 1936 for manufacturing of lathe in Hiroshima, Japan. Since then, Mitsubishi Heavy Industries Machine Tool has been a group company of Mitsubishi Heavy Industries and has grown its business, while supporting Japanese manufacturing for many years. Mitsubishi Heavy Industries Machine Tool, which designs, manufactures and sells machine tools, cutting tools and related products and provides after-sales services fo ....

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Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron

Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia

Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia
April 11, 2021 19:30 ET
| Source:
Nidec Corporation
Nidec Corporation
Kyoto, JAPAN
KYOTO, Japan, April 12, 2021 (GLOBE NEWSWIRE) Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has decided to open new factories in the city of Novi Sad in the Republic of Serbia (“Serbia”), and that it has held an event to announce the launch of business in the country.
1. The event to announce the launch of business in Serbia
At today’s event, held at the office of president, Serbia, and attended by President Aleksandar Vučić, Mayor Miloš Vučević of Novi Sad, and Japanese Ambassador to Serbia Takahiko Katsumata, among others, the Company announced its plan to launch business in Serbia. ....

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Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia

Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.

Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
KYOTO, Japan, Feb. 05, 2021 Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries (the “Stock Acquisition”). Accordingly, Nidec entered into a stock purchase agreement on February 5, 2021 (Japan time). ....

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