Nidec to Acquire PT. NAGATA OPTO INDONESIA
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Nidec Corp (NJ) to Acquire Automotive Camera Glass Manufacturer NAGATA INDONESIA
July 22, 2015 6:42 AM EDTNidec Corp (NYSE: NJ) announced that Nidec Sankyo Corporation ("Nidec Sankyo"), the Company's subsidiary, has agreed to acquire 100% of the shares of PT. NAGATA OPTO INDONESIA ("NAGATA INDONESIA"), a manufacturer of glass lenses for automotive cameras, from its founding family (the "Transaction"). For this purpose, Nidec Sankyo entered into a share purchase and transfer agreement with the founding family of NAGATA INDONESIA.
1. Purpose and background of the Transaction
As a member of the Nidec Group, Nidec Sankyo has been endeavoring to develop its... More
Nidec Corp (NJ) Reports Q2 EPS of JPY81.08
July 22, 2015 6:25 AM EDTNidec Corp (NYSE: NJ) reported Q2 EPS of JPY81.08, versus JPY59.76 reported last year. Revenue for the quarter came in at JPY285.04 billion, versus JPY240.19 billion reported last year.
For earnings history and earnings-related data on Nidec Corp (NJ) click here.
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