Business / Corporate Sep 26, 2013

Nidec to buy out Mitsubishi Material's motor-making unit

Precision motor manufacturer Nidec Corp. said Thursday it will buy out a Mitsubishi Materials Corp. subsidiary that makes motors for automobiles as it prepares to jump into the growing market for such products. The acquisition of Mitsubishi Materials C.M.I. Corp. will enhance Nidec's product lineup, ...