is a Japanese manufacturer and distributor of

electric motor An electric motor is an electrical 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 wire winding to generate f ...

s. Their products are found in

hard-disk drive A hard disk drive (HDD), hard disk, hard drive, or fixed disk is an electro-mechanical data storage device that stores and retrieves digital data using magnetic storage with one or more rigid rapidly rotating platters coated with magnet ...

electric appliances A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. Appliances are divided into three ty ...

automobiles A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded ...

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 owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...

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. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed ...

and is a constituent of the TOPIX 100

stock market index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of th ...

. 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 Nidec Industrial Solutions is an Italian multinational company based in Milan, that designs and manufactures rotating electrical machines, Power electronics and industrial automation. It was founded in 2012 with the acquisition of Ansaldo Sistemi ...

. In 2012 Nidec acquired Ansaldo Sistemi Industriali S.p.A. which became

. 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 Nidec Leroy-Somer is a French company based in Angoulême, Charente which manufactures mainly electric motors. It was established in 1919 by Marcellin Leroy. The firm has now expanded in Czech Republic, Hungary, Poland, Romania, China and Indi ...

from

Emerson Electric Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The ''Fortune'' 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets.

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. Compressors are similar to pumps: both increase the pressure on a fluid and both can tr ...

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

Whirlpool Corporation The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States. The Fortune 500 company has annual revenue of approximately $21 billion, ...

to acquire the refrigeration compressor business of

Embraco Embraco is a manufacturer of compressors for refrigeration systems, founded in 1971 in Brazil. Embraco produces hermetic compressors, condensing units and sealed units, for domestic and commercial use. Its headquarters and main factory is in J ...

. 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 1973 establishments in Japan Electric motors Japanese brands {{Japan-company-stub Electric motor manufacturers