Strengthening the Press Equipment Peripherals and Laser Blanking Businesses through the Acquisition of Three Companies, Including Automatic Feed
First written in FY2024-Q1. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「On 5 January 2024, we completed the absorption-type merger under which Lasercoil Technologies LLC and Automatic Leasing Company were the absorbed companies and Automatic Feed Company was the surviving company. On the same date, “Automatic Feed Company” changed its name to “NIDEC AUTOMATIC FEED COMPANY.”」
Following the acquisition of 3 companies, including Automatic Feed, the company completed the absorption-type merger and changed the name to the Nidec brand on 5 January 2024, advancing integration. - FY2024-Q1First statedAnnual report
「On 1 August 2023 (US time), the Group completed the acquisition from the founding family of 100% of the equity interests in US-based Automatic Feed Company, Lasercoil Technologies LLC and Automatic Leasing Company (collectively, the “Target Companies”). The transaction enables us to pursue synergies in products, sales and technology, including (1) providing complete lines through unit sales with the medium- and large-sized presses of Nidec Arisa and Nidec Minster acquired in the past, (2) expanding sales of Nidec Arisa and Nidec Minster presses to automotive customers based in North America, and (3) incorporating laser blanking technology for forming blanks with complex shapes.」
The company completed the acquisition of 100% of the equity interests in 3 companies, including Automatic Feed Company, on 1 August 2023, and disclosed for the first time measures to pursue unit sales with existing presses, expand sales to North American automotive customers, and incorporate laser blanking technology.