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Nidec Corp (6594.T)

6594.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nidec and Groupe PSA to sign joint venture agreement for automotive electric traction motor
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Nidec Corp <6594.T>:Says it and Groupe PSA, through Nidec Leroy-Somer Holding, intend to set up a joint venture, dedicated to the design, development, manufacture and sale of electric traction motors, during the period of March to April 2018 .Initial share capitals of the JV is 15 million euros .Nidec Leroy-Somer Holding will hold 50 percent stake in the JV after transaction .  Full Article

Nidec acquires driveXpert GmbH via unit
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Nidec Corp <6594.T>:Says co acquired 100 percent stake in driveXpert GmbH via co's unit NIDEC MOTORS & ACTUATORS (GERMANY) GmbH on Nov. 30.Says driveXpert is mainly engaged in development and design of ECU (engine control unit) hardware and software for automotive .  Full Article

Nidec unit fully acquires SV Probe Pte. Ltd.
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Nidec Corp <6594.T>:Says unit NIDEC-READ CORPORATION fully acquires SV Probe Pte. Ltd. on Oct. 31.Says SV Probe Pte. Ltd. is mainly engaged in production and sales of probe card.  Full Article

Taiwan Kong King signs sales agent contract with Nidec-Read
Thursday, 19 Oct 2017 

Oct 19(Reuters) - Taiwan Kong King Co Ltd <3093.TWO> ::Says it signs sales agent contract with Nidec-Read Corp to develop PCB automation product line .  Full Article

Nidec files patent infringement suit against Shanghai precise electronic firm
Monday, 31 Oct 2016 

Nidec Corp <6594.T> : Says co (plaintiff) files a patent infringement lawsuit against a Shanghai-based precise electronic firm (defendant) on Oct. 21, with Shanghai intellectual property court, on patent of vibration motors for cellphone use .Plaintiff requests defendant to stop selling related products.  Full Article

R&I affirms Nidec's rating at "A+" and announces stable outlook – R&I
Thursday, 29 Sep 2016 

Nidec Corp <6594.T>: Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" – R&I .Rating outlook stable– R&I.  Full Article

Nidec announces status of own share repurchase
Thursday, 1 Sep 2016 

Nidec Corp <6594.T> :Nidec announces the status of own share repurchase.  Full Article

Emerson Electric to sell Leroy-Somer and Control Techniques Businesses to Nidec Corp for $1.2 bln
Tuesday, 2 Aug 2016 

Emerson Electric Co : Deal for $1.2 billion . Emerson to sell Leroy-Somer and Control Techniques Businesses to Nidec Corporation .J.P. Morgan securities LLC and Centerview Partners LLC served as financial advisors to Emerson.  Full Article

Nidec buys stake in ANA IMEP S.A.
Wednesday, 1 Jun 2016 

Nidec Corp <6594.T>: Says it acquired about 94.8 percent stake in a Romania-based co ANA IMEP S.A. on May 31 .Says the target co engaged in development, manufacture and sale of motors for washing machines and dryers.  Full Article

Nidec 's unit completes acquisition of E.C.E. S.r.l.
Monday, 23 May 2016 

Nidec Corp <6594.T> :Says its unit Nidec FIR Elettromeccanica S.r.l. completes full acquisition of Italy-based lifting machine maker E.C.E. S.r.l. , on May 20.  Full Article

Nikkei soars helped by exporters; drugmakers fall

TOKYO, Jan 18 Japan's Nikkei share average soared to a level not seen since November 1991 on Thursday morning after exporters such as electronics components manufacturers surged, tracking the strength on Wall Street overnight.