Nidec Corp. announced that it has agreed with Sanyo Electric Co., Ltd. to purchase all of the outstanding shares in Sanyo Seimitsu Co., Ltd., and that it has entered into a share purchase agreement with Sanyo Electric on December 9, 2010.
While striving to further accelerate its organic growth, Nidec has also pursued growth through acquisitions in order to achieve the goals and targets set forth in its "Vision 2015" mid- to long-term growth strategy, one of which is to create a group of companies having aggregate sales of ¥2 trillion by 2015.
In line with the foregoing, through the Transaction, Nidec intends to further develop and expand the small precision motor businesses of Nidec and Sanyo Seimitsu by effectively using the operational resources of, and efficiently developing new products and expanding sales opportunities for, their small precision motor businesses.
In the small precision motor business, one of Sanyo Seimitsu’s strengths is vibration motors for mobile phones. Recently, in the mobile phone market, interest has grown for the feedback technology used in touch-screen mobile devices, including smart phones. Vibration motors are expected to become a critical component for such technology. Nidec expects that Sanyo Seimitsu’s research and development capabilities in this application area will meaningfully supplement the Nidec Group’s technology portfolio.
Nidec aims to improve the Nidec Group’s competitiveness in the vibration motor market by developing new products through collaborative technological advancement efforts and by increasing sales opportunities through the expansion of its customer base.
