Nidec Corporation (ニデック株式会社, Nidekku Kabushiki gaisha), formerly known as Nippon Densan Corporation (日本電産株式会社, Nihon Densan Kabushiki gaisha), is a Japanese manufacturer and distributor of electric motors. Their products are found in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment. The company has the largest global market share for the tiny spindle motors that power hard-disk drives.[2][3]
The two product groups with the largest sales are hard-disk drive motors and automotive products with 16% and 22% of sales, respectively.[1]
Shigenobu Nagamori, current chairman of the board, president and CEO, established Nippon Densan Corporation (now Nidec Corporation) in Nishikyo-ku, Kyoto with a capital of 20 million yen.
1974
October
Opened a sales agent in the U.S. Relocated its head office to Omiya, Nakagyo-ku, Kyoto.
1975
April
Launched full-scale production of brushless DC motors.
1976
April
Established Nidec America Corp, a locally incorporated company.
1979
October
Started production of spindle motors for 8-inch hard disk device.
1984
February
Acquired the axial-flow fan business from American company Torin Corporation, and established the locally incorporated company Nidec Torin Corporation in America. Started production of spindle motors for 3.5-inch hard disk device.
1988
October
The company listed its stock on the second section of the Osaka Stock Exchange, and the Kyoto Stock Exchange.
1990
August
Established Nidec Electronics (Thailand) Co., Ltd., a locally incorporated company.
1992
February
Established Nidec (Dalian) Ltd., a locally incorporated company in China.
1993
April
Established Nidec Electronics GmbH, a locally incorporated company in Germany.
1995
December
Established Nidec Philippines Corp., a locally incorporated company.
1997
December
Established Nidec Tosok (Vietnam) Co., Ltd. through a joint investment with Tosok Corp.
1998
February
Established P.T. Nidec Indonesia, a locally incorporated company.[Sep]Listed on the first section of the Tokyo Stock Exchange.
Listed on the first section of the Osaka Stock Exchange.
1999
December
Established Nidec Korea Corp., a locally incorporated company.
2001
September
Listed on the New York Stock Exchange.
2003
March
The building for the Head Office and Central Technical Laboratory was completed in Minami-ku, Kyoto
2006
December
Established Nidec Motors & Actuators by acquiring the motor and actuator business of Valeo S.A., a French company.
2010
January
Nidec Techno Motor Holdings Corporation acquired the home appliance motor business of Appliances Components, an Italian home appliance manufacturer. Started Nidec Sole Motor Corporation S.R.L.[Dec]Established Nidec India Private Limited as its sales subsidiary in India.
2012
March
Established SC Wado Component (Cambodia) Co., Ltd. as the first operating base in Cambodia.
2023
April
Company name changed to Nidec Kabushiki gaisha
Nidec acquisitions
Nidec ASI. In 2012 Nidec acquired Ansaldo Sistemi Industriali S.p.A. which became Nidec ASI.[8] Since 2012 Nidec ASI has been involved in comprehensive drive technology. As a part of the Nidec Group, the core business of Nidec ASI S.p.A. includes energy, marine, metals, oil & Gas and general industry (cement, water treatment, rubber and plastic, materials handling, glass, ceramics, paper and ropeway). Since 2014, Giovanni Barra has been CEO of Nidec ASI[9]
Nidec Global Appliance Compressors GmbH. On July 31, 2017, Nidec acquired Secop GmbH, a German hermetic compressor manufacturer from Aurelius Equity Group, expanding further into the refrigeration market.[12] Since April 28, 2018, Nidec has entered into an agreement with Whirlpool Corporation to acquire the refrigeration compressor business of Embraco.[13] In response to antitrust concerns, in 2019 Nidec sold Secop.[14]
In November 2018, Nidec became a shareholder of Nidec Chaun-Choung Technology Corporation, a long-established cooling company in Taiwan. In December 2019, it again announced that it would increase its shareholding from 49.01% to 53.48%, and reached 67% shareholding in December 2020.
