Nidec to acquire Kinetek Group and Avtron Industrial Automation

Oct 05, 2012

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.