, formerly known as , is a Japanese manufacturer and distributor of

electric motor An electric motor is a machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a electromagnetic coil, wire winding to gene ...

s. Their products are found in hard-disk drives, electric appliances,

automobiles A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...

and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives. The two product groups with the largest sales are hard-disk drive motors and automotive products with 16% and 22% of sales, respectively. As of 2017, the company has 296

subsidiaries A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unl ...

companies located across Japan, Asia, Europe and the Americas. Nidec is listed on the first section of the

Tokyo Stock Exchange The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. The exchange is owned by Japan Exchange Group (JPX), a holding company that it also lists (), and operated by Tokyo Stock Exchange, Inc., a wholly owned sub ...

and is a constituent of the

TOPIX 100 The , commonly known as the TOPIX, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, along with the Nikkei 225. The TOPIX tracks the entire market of domestic companies and covers most stocks in the Tokyo Stock Exc ...

stock market index In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...

. The company was number 42 on the 2005 edition of the Businessweek Infotech 100 list. Also Nidec was featured on the 2014 Forbes World's Most Innovative Companies list.

History

Nidec acquisitions

* Nidec ASI. In 2012 Nidec acquired Ansaldo Sistemi Industriali S.p.A. which became Nidec ASI. Since 2012 Nidec ASI has been involved in comprehensive drive technology. As a part of the Nidec Group, the core business of Nidec ASI S.p.A. includes energy, marine, metals, oil & Gas and general industry (cement, water treatment, rubber and plastic, materials handling, glass, ceramics, paper and ropeway). Since 2014, Giovanni Barra has been CEO of Nidec ASI * Nidec Leroy-Somer. On January 31, 2017, Nidec acquired Leroy-Somer from Emerson Electric which became Nidec Leroy-Somer Holding. *Nidec Global Appliance Compressors GmbH. On July 31, 2017, Nidec acquired Secop GmbH, a German hermetic

compressor A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. An air compressor is a specific type of gas compressor. Many compressors can be staged, that is, the gas is compressed several times in steps o ...

manufacturer from Aurelius Equity Group, expanding further into the refrigeration market. Since April 28, 2018, Nidec has entered into an agreement with

Whirlpool Corporation Whirlpool Corporation is an American multinational corporation, multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue ...

to acquire the refrigeration compressor business of Embraco. In response to antitrust concerns, in 2019 Nidec sold Secop. *In November 2018, Nidec became a shareholder of Nidec Chaun-Choung Technology Corporation, a long-established cooling company in Taiwan. In December 2019, it again announced that it would increase its shareholding from 49.01% to 53.48%, and reached 67% shareholding in December 2020.

References

External links

Nidec global websiteNidec America website
Manufacturing companies of Japan Defense companies of Japan Auto parts suppliers of Japan Industrial robotics Manufacturing companies based in Kyoto Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Companies listed on the New York Stock Exchange Manufacturing companies established in 1973 Japanese companies established in 1973 Electric motors Japanese brands {{Japan-company-stub Electric motor manufacturers