Nidec Announces its Execution of a Share Transfer Agreement on Linear Transfer Automation Inc. and its Two Related Companies, Canadian-based Press Room Equipment Manufacturer
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Nidec’s Press & Automation Machine Business Sales (Graphic: Business Wire)
1. Outline of the New Subsidiary |
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(1) |
Company name |
(i) |
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(ii) |
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(iii) |
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(2) |
Headquarters |
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(3) |
Established |
1994 | |
(4) |
Business leader |
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(5) |
Business base |
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(6) |
Principal of businesses |
Manufacturing, sales and service for press peripheral equipment | |
(7) |
Number of employees |
90 (Consolidated) | |
(8) |
Sales |
The fiscal year ended September, 2023 |
2. Linear’s Strengths
Linear is based in
3. Nidec’s Press & Automation Machine Business |
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(1) |
Company name |
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(2) |
Sales |
The fiscal year ended |
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Products |
Small high-speed presses, medium-sized presses, large presses, peripheral equipment |
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Manufacturing sites |
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Number of employees |
Approx. 1,400 |
4. Synergies with Our Group
Through our
With the addition of Linear, we will be able to offer a wide range of products and services to our customers and pursue following synergies in terms of products, sales, and technology.
(1) |
As a comprehensive Press and Automation group, we are able to provide total system solutions by adding peripheral equipment for pre- and post-processing to the press machine itself and selling complete press lines to customers. |
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Sales expansion will be possible by selling our presses and peripheral equipment to Linear’s customers, and also by selling Linear’s products to our customers. |
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Linear’s products can be deployed to |
5. Effect on Financial Performance for the Current and Next Fiscal Year
The transaction is expected to have no significant impact on the Company’s consolidated financial performance for this fiscal year ending
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930707546/en/
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
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