Nidec Completes Acquisition of Secop Group (Secop Holding GmbH and Other 3 Entities), a German Compressor Manufacturer

KYOTO, Japan, Aug. 01, 2017 (GLOBE NEWSWIRE) — Nidec Corporation (TSE:6594) (OTCMKTS:NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of 100% equity shares of Secop Holding GmbH, Secop s.r.o., Secop Compressors (Tianjin) Co., Ltd. and Secop Inc. (collectively “Secop”), and shareholder loans from Secop Beteillingungs GmbH, a portfolio management company owned by AURELIUS Equity Opportunities SE & Co KGaA (“Aurelius”) (the “Transaction”) on July 31, 2017. 

As a result of the Transaction, Secop and their subsidiaries became Nidec’s subsidiaries. The details of the main acquired companies are as follows: 

1. Outline of the Main Acquired Companies 

1) Change of Company Names 

Locations Current Company Names  Planned New Company Names
Flensburg, Germany Secop Holding GmbH Nidec Global Appliance Compressors GmbH
Flensburg, Germany Secop GmbH Nidec Global Appliance Germany GmbH
Zlatè Moravce, Slovakia Secop s.r.o. Nidec Global Appliance Slovakia s.r.o. 
Tianjin, China Secop Compressors (Tianjin) Co., Ltd. Nidec Global Appliance Tianjin Co., Ltd.
Roswell, Georgia, USA Secop Inc. Nidec Global Appliance USA Inc.
Fuerstenfeld, Austria Secop Austria GmbH

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