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Print pagePosted On: 10/05/2012
Nidec to acquire Kinetek Group and Avtron Industrial Automation
Nidec (www.nidecamerica.com) has agreed to acquire all of the shares in Kinetek Group, a U.S.-based commercial motor manufacturer, from its shareholders, including the Resolute Fund, L.P. , a private equity fund, and to acquire all of the shares in Avtron Industrial Automation, a U.S.-based industrial automation system provider, from its shareholder, Morgenthaler, a private equity fund.
The contemplated acquisitions of Kinetek and Avtron are part of Nidec's strategy to strengthen its commercial/industrial motor business, following the acquisition of Ansaldo Sistemi Industriali S.p.A. in May 2012.
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