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 ...