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Nidec Corp (6594.T)

6594.T on Tokyo Stock Exchange

16,780JPY
7:47am IST
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¥17,070
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¥17,135
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¥17,215
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¥16,655
Volume
537,400
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924,283
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¥18,525
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¥11,260

Latest Key Developments (Source: Significant Developments)

Nidec sets up JV Nidec PSA emotors
Wednesday, 16 May 2018 

May 16 (Reuters) - Nidec Corp <6594.T>:Says it set up a JV Nidec PSA emotors with partner on May 16.Says it holds 50 percent stake in the JV.  Full Article

Nidec unit acquires 100 pct stake in Genmark Automation
Tuesday, 1 May 2018 

May 1(Reuters) - Nidec Corp <6594.T>:Says its unit NIDEC SANKYO CORPORATION completed acquisition of 100 percent stake in Genmark Automation, Inc., on May 1.Acquisition plan was announced on April 24.  Full Article

Nidec unit to acquire Genmark Automation via SPC
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Nidec Corp <6594.T>:Says unit NIDEC SANKYO CORPORATION will acquire 100 percent stake in Genmark Automation, Inc, via Genmark Sub Corporation, effective early May .  Full Article

Whirlpool Corporation Announces Sale Of Embraco Compressor Business And Modified Dutch Auction Tender Offer
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORPORATION ANNOUNCES SALE OF EMBRACO COMPRESSOR BUSINESS AND A MODIFIED DUTCH AUCTION TENDER OFFER.WHIRLPOOL CORP <<>> SAYS COMPANY AGREES TO SELL EMBRACO BUSINESS FOR $1.08 BLN IN CASH.WHIRLPOOL CORP SAYS COMPANY EXPECTS TO EXECUTE SHARE REPURCHASES OF APPROXIMATELY $1 BILLION IN FORM OF A MODIFIED DUTCH AUCTION TENDER OFFER.WHIRLPOOL CORP <<>> - TRANSACTION IS EXPECTED TO CLOSE IN EARLY 2019, SUBJECT TO REGULATORY APPROVALS AND OTHER CUSTOMARY CLOSING CONDITIONS.WHIRLPOOL CORP - ENTERED INTO AN AGREEMENT TO SELL COMPANY'S EMBRACO COMPRESSOR BUSINESS TO NIDEC CORPORATION FOR A CASH PURCHASE PRICE OF $1.08 BLN.WHIRLPOOL - "MODIFIED DUTCH AUCTION" TENDER OFFER FOR UP TO $1 BILLION OF COMMON STOCK AT ANTICIPATED PRICE PER SHARE NOT LESS THAN $150 AND NOT GREATER THAN $170.  Full Article

Japan's Nidec Says To Buy Back Up To 1.01 Percent Of Own Shares Worth 50 Billion Yen
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Nidec Corp <6594.T>::JAPAN'S NIDEC SAYS TO BUY BACK UP TO 1.01 PERCENT OF OWN SHARES WORTH 50 BILLION YEN ($455.08 million).  Full Article

Nidec and Groupe PSA to sign joint venture agreement for automotive electric traction motor
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Nidec Corp <6594.T>:Says it and Groupe PSA, through Nidec Leroy-Somer Holding, intend to set up a joint venture, dedicated to the design, development, manufacture and sale of electric traction motors, during the period of March to April 2018 .Initial share capitals of the JV is 15 million euros .Nidec Leroy-Somer Holding will hold 50 percent stake in the JV after transaction .  Full Article

Nidec acquires driveXpert GmbH via unit
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Nidec Corp <6594.T>:Says co acquired 100 percent stake in driveXpert GmbH via co's unit NIDEC MOTORS & ACTUATORS (GERMANY) GmbH on Nov. 30.Says driveXpert is mainly engaged in development and design of ECU (engine control unit) hardware and software for automotive .  Full Article

Nidec unit fully acquires SV Probe Pte. Ltd.
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Nidec Corp <6594.T>:Says unit NIDEC-READ CORPORATION fully acquires SV Probe Pte. Ltd. on Oct. 31.Says SV Probe Pte. Ltd. is mainly engaged in production and sales of probe card.  Full Article

Taiwan Kong King signs sales agent contract with Nidec-Read
Thursday, 19 Oct 2017 

Oct 19(Reuters) - Taiwan Kong King Co Ltd <3093.TWO> ::Says it signs sales agent contract with Nidec-Read Corp to develop PCB automation product line .  Full Article

Nidec files patent infringement suit against Shanghai precise electronic firm
Monday, 31 Oct 2016 

Nidec Corp <6594.T> : Says co (plaintiff) files a patent infringement lawsuit against a Shanghai-based precise electronic firm (defendant) on Oct. 21, with Shanghai intellectual property court, on patent of vibration motors for cellphone use .Plaintiff requests defendant to stop selling related products.  Full Article

BRIEF-Nidec Corp Will Spend 30 Bln Yen To Build A Factory In China -Nikkei

* NIDEC CORP WILL SPEND 30 BILLION YEN TO BUILD A FACTORY IN CHINA TO PRODUCE MOTORS FOR ELECTRIFIED VEHICLES- NIKKEI Source :(https://s.nikkei.com/2r2zKc0) Further company coverage: