The global site of the UK's leading magazine for automation, motion engineering and power transmission
19 April, 2018

Product and Supplier Search

Facebook

Nidec buys Sanyo Seimitsu for $83m

10 December, 2010

The acquisitive Japanese motor manufacturer Nidec is buying Sanyo Seimitsu, a subsidiary of Sanyo Electric that specialises in producing small precision DC motors such as those used to produce vibrations in mobile phones. The deal is reported to be worth $83m.

Nidec says that the acquisition is in line with its aim of becoming the world’s leading manufacturer of all types of electric motor, with sales worth ¥2,000bn ($24.2bn) by 2015.

Sanyo Seimitsu employs 290 people and has operations in China, Indonesia, Singapore and Hong Kong. Its sales fell from ¥35bn ($423m) in the year ending March 2008 to ¥23bn ($278m) in the year to March 2010.

Sanyo Electric is selling off some of its non-core businesses to focus on environmental technologies, such as solar panels, before it is taken over by Panasonic in 2011.

Nidec recently acquired Emerson’s Motors and Controls business.




Magazine
  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here

    To see the latest Products & Services Directory, click here

     

Exhibition

Birmingham 2018The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 10-12 April, 2018. For more information on the event, visit the Show Web site

Poll

"Do you think that robots create or destroy jobs?"

Newsletter
Newsletter

Events

Most Read Articles