Nidec Completes Acquisition of MS-Graessner and Its Group Companies
Nidec Corporation (TSE: 6594; OTC US: NJDCY) today announced that the Company has acquired 100% ownership of MS-Graessner GmbH & Co. KG and its group companies, a privately owned German company group from its owners on August 31, 2018 through Nidec-Shimpo GmbH which is the Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation (“Nidec-Shimpo”). Details are as follows:
The Company has been actively engaged in manufacture, sales and after-sales services associated with gearboxes through its subsidiary, Nidec-Shimpo.
Nidec-Shimpo’s main line of gearboxes are precision planetary reducersⅰ with a particular strength in the linear type reducers whose input and output shafts are aligned. These lines of products produced by Nidec-Shimpo are currently sold in Asia, mainly in Japan and China and the Americas.
Graessner exhibits a very strong capability in right-angle precision gearboxes whose input and output shafts are arranged at an angle of 90 degrees, particularly in hypoid reducersⅱ. Graessner’s current main market for these products is Europe, mainly Germany.
https://www.nidec.com/en-Global/corporate/news/2018/news0903-01/
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