Nidec Corp (NJ) Reports Q2 EPS of JPY81.08
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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
