Assembly Line

Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: Nidec, Automatic Feed

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consolidated subsidiary of Nidec.

Read more at Nidec News

Nidec CEO uses his Midas touch for machine tool unit turnaround

📅 Date:

🏢 Organizations: Nidec, OKK

Nagamori himself is leading the charge to revive money-losing OKK as Nidec seeks to turn robot components and machining equipment into a new growth engine. Manpower shortages are driving the growth of industrial robots. “As artificial intelligence evolves, factories will become unmanned, and demand for industrial robots will soar,” Nagamori said.

OKK’s high-precision machining centers are not only essential for producing many robot components, but also use gear reducers themselves, adding another complementary connection.

Read more at Nikkei Asia