Nidec to acquire Omron's auto electronics unit for ¥100 billion

Business / Corporate Apr 17, 2019

Nidec to acquire Omron's auto electronics unit for ¥100 billion

Electric motor-maker Nidec Corp. said Tuesday it will acquire component-maker Omron Corp.'s automotive electronics subsidiary for ¥100 billion ($893 million), as it seeks to speed up the development of technology for autonomous and other advanced vehicles. Kyoto-headquartered Nidec will take an entire stake in Omron ...

Nidec to invest ¥100 billion to eliminate overtime work

Business / Corporate Jan 26, 2017

Nidec to invest ¥100 billion to eliminate overtime work

Japanese motor maker Nidec Corp. said Thursday it plans to invest ¥100 billion ($878 million) on robots and supercomputers to eliminate overtime work for its 10,000 group employees in Japan by 2020. The company, which commands a high global market share for small precision motors, ...