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Nidec to acquire Secop for 185m Euro
2017/04/27
25 APR 2017
JAPAN/GERMANY: Japanese electric motor company Nidec is set to acquire hermetic compressor manufacturer Secop for 185m

Euro

.

Formerly Danfoss Compressors GmbH, the company was renamed Secop when it was acquired by German industrial holdings company Aurelius in 2010. Secop subsequently acquired ACC Austria GmbH in 2014 and remains a leader in the European market for domestic and light commercial hermetic compressors.
 
With headquarters in Flensburg, Secop has factories in Austria, Slovakia and China. Sales last year were 356.6m

Euro

.
 
Nidec has been growing its appliance business through acquisition and created a new division named Nidec Global Appliance Division. The division operates three factories in Europe, one factory in China and one factory in Mexico. It mainly focuses on manufacturing and sales of wet appliances such as motors for washing machines, dryers and dishwashers.
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