Strengthening the U.S. press equipment service network and peripheral equipment through the acquisition of CHS Automation
First written in FY2021-Q2. 1 of 2 entries say "Cited as achieved", first in FY2021. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021Cited as achievedAnnual report
「During the consolidated fiscal year, NIDEC completed the acquisition of the following company: Company name: Metal Stamping Support Group LLC; Region: United States; Principal business: manufacture and sale of peripheral press equipment」
The company reiterated the completion of the CHS Automation acquisition as an acquisition completed during the fiscal year. - FY2021-Q2First statedAnnual report
「On 1 September 2020, NIDEC acquired a 100% interest in CHS Automation for cash consideration of ¥474 million from the shareholders of Metal Stamping Support Group, LLC, a US company, and its affiliates. CHS Automation manufactures and sells peripheral equipment for stamping presses and provides retrofits (repairs and modifications) and other services for used stamping presses. Through this transaction, NIDEC gained a strong press-equipment service base in the US Midwest and significantly strengthened its lineup of peripheral press equipment.」
The company completed the acquisition of a 100% interest in CHS Automation, gaining a press-equipment service base in the US Midwest and a lineup of peripheral press equipment.