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Nidec Completes Acquisition of Secop Group
2017/08/29
On August 1, Nidec announced that the company completed the acquisition of 100% equity shares of Secop Holding GmbH, Secop s.r.o., Secop Compressors (Tianjin) Co., Ltd., and Secop Inc. (collectively Secop), and shareholder loans from Secop Beteillingungs GmbH, a portfolio management company owned by Aurelius Equity Opportunities SE & Co. on July 31, 2017. As a result of the transaction, Secop and its subsidiaries became Nidec’s subsidiaries.
 
Secop’s strength lies in industry-leading compressors for house-hold and commercial refrigerators. Through the transaction, the company has added compressors to its product portfolio, which allows the company to expand further into the global refrigeration market.

The company believes that the transaction will bring Nidec Group closer to its fiscal year 2020 (end March 2021) sales target of \2 trillion (US$ 18 billion) as both parties’ technological capabilities, brands, and customer bases come to blend well together.
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