Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers
Nidec’s Press Machine Business Sales (Graphic: Business Wire)
1. Outline of the New Subsidiary |
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(1) |
Company names |
(i) | Automatic Feed Company |
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(ii) | Lasercoil Technologies LLC |
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(iii) | Automatic Leasing Company |
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(2) |
Headquarters |
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(3) |
Foundation |
1949 | ||
(4) |
Business leader |
Peter Beck | ||
(5) |
Business base |
Manufacturing, sales and service base: |
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(6) |
Principal of businesses |
Manufacturing, sales and service for press peripheral equipment | ||
(7) |
Number of employees |
80 (Consolidated) | ||
(8) |
Consolidated Sales |
The fiscal year ended December 31, 2022 |
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2. Target’s Strengths
The Target is an
The Target's laser blanking technology has the flexibility to be programmed to accommodate a variety of products and applications, with high precision blanking.
3. Nidec’s Press Machine Business |
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(1) |
Company name |
Nidec Minster, Nidec Drive Technology (Kyori press-machine), Nidec Arisa, Nidec Vamco, Nidec SYS, Nidec CHS |
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(2) |
Sales |
The fiscal year ended March 31, 2023 |
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(3) |
Products |
Small high-speed presses, medium-sized presses, large presses, peripheral equipment |
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(4) |
Manufacturing sites |
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(5) |
Number of employees |
Approx. 1,200 |
4. Synergies with our group
Through our Press Machine Business companies, we have expanded our press machine manufacturing, sales, and service business globally, as well as increased our lineup of presses and peripheral equipment products with M&As.
With the addition of the Target, we will be able to offer a wide range of products and services to our customers and pursue following synergies in terms of products, sales, and technology.
(1)
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Combine the Target’s equipment with Minster and Arisa’s medium and large presses, offering a complete line on a turnkey basis. |
(2)
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Expand sales of Minster and Arisa presses to automotive customers based
in |
(3) |
Incorporation of laser blanking technology is our portfolio of products. |
5. Effect on Financial Performance for the Current and Next Fiscal Year
The transaction is expected to have no significant impact on the Company’s consolidated financial performance for this fiscal year ending March 31, 2024. If necessary, the Company will make additional disclosure on a timely basis in accordance with the rules of the Tokyo Stock Exchange upon determination of further details.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230801618784/en/
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Source: Nidec Corporation