Nidec Completes Acquisition Of Houma Armature Works, A Us-Based Motor And Generator Service Provider
Jul 04, 2023•over 2 years ago
Acquiring Company
Nidec Scroll Technology (Changzhou) Ltd
Acquired Company
Houma Armature Works
KyotoAppliances, Electrical, and Electronics ManufacturingDescription
Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the “Company” or “Nidec”) today announced that it has acquired full ownership of TAR, LLC d/b/a Houma Armature Works, a privately- owned US company (“Houma”), from its founding family, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on July 3, 2023 (US time) (the “Transaction”). As a result of the Transaction, Houma became a consolidated subsidiary of Nidec, as outlined below:
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