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Nidec (6594) · InitiativeFirst stated

Expansion of service locations in the U.S. Gulf Coast region through the acquisition of Houma Armature Works

First written in FY2024-Q1. . Latest entry: FY2024-Q1.

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Expansion of a Motor and Generator Service Base in the U.S. Gulf Coast Region Through the Acquisition of Houma Armature WorksA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2024-Q1First statedAnnual report

    「On 3 July 2023 (US time), the Group acquired 100% of the equity interests in US-based Houma Armature Works, whose legal name is TAR, LLC (hereinafter, “Houma”), from its founding family. We believe the transaction will expand our service bases in the US Gulf region and enable us to strengthen our aftermarket services business for equipment such as motors and generators manufactured in-house.」

    The company completed the acquisition of 100% of Houma's equity interests on 3 July 2023 and disclosed for the first time measures to strengthen its service base in the US Gulf region and aftermarket services for motors, generators and other equipment.
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Expansion of service locations in the U.S. Gulf Coast region through the acquisition of Houma Armature Works | NIDEC CORPORATION (6594) | Komori