Strengthening Modular Sales of Large Precision Gearboxes and Presses Through the Acquisition of DESCH
First written in FY2019-Q3. 1 of 2 entries say "Advanced", first in FY2019. Latest entry: FY2019.
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- FY2019AdvancedAnnual report
「On 1 March 2019, NIDEC acquired a 70.0% interest in DESCH Antriebstechnik GmbH & Co. KG of Germany and its affiliates, collectively referred to as DESCH, from DESCH’s shareholders for cash consideration of ¥7.426 billion.」
The acquisition of a 70% interest in DESCH was completed, and plans were put into concrete form for proposing modules for large precision gear reducers and press machines, using sales networks, and pursuing cross-selling. - FY2019-Q3First statedAnnual report
「Our group agreed to acquire a 70% interest in DESCH Antriebstechnik GmbH & Co. KG and its affiliates, collectively referred to as DESCH, and entered into an equity transfer agreement on 31 January 2019. Through this transaction, we will be able to propose and sell servo press machines and gear reducers as modules to press-machine customers. We also expect to generate cross-selling opportunities by using the Nidec Group’s sales and service networks in Asia and the Americas to expand sales of DESCH’s large gear reducers, while selling Nidec-Shimpo’s gear reducers and press machines to DESCH’s customers.」
The company entered into an agreement to acquire a 70% interest in DESCH and described plans to propose modules combining servo press machines and large gear reducers, make use of existing sales networks, and pursue mutual cross-selling.