KUZE MINAMI-KU, KYOTO, Japan (June 1, 2012) – Nidec Corporation completed the acquisition of Ansaldo Sistemi Industriali S.p.A. from HVEASI Holding, B.V. (Netherlands), a privately-owned company affiliated with Patriarch Partners, LLC. As a result, the acquired business, now consisting of the foreign companies listed below, became Nidec’s subsidiary.
The following is an outline of the companies that became Nidec’s new subsidiaries today:
1. Outline of the New Subsidiaries
Company Names
- Italy: Ansaldo Sistemi Industriali S.p.A.
- Italy: Answer Drives S.r.l.
- France: Ansaldo Sistemi Industriali SA
- Germany: Ansaldo Sistemi Industriali GmbH
- USA: Anselectric LLC
- China: ASI Industrial Systems Beijing Co. Ltd.
- Romania: Ansaldo Sistemi Industriali RO S.r.l.
- Russia: A/O Ansaldo VEI
ASI is a 100 percent subsidiary of Nidec.
Outline of ASI Directors
- Chairman of the Board of Directors: Patrick Murphy (CEO of Nidec Motor Corporation)
- Director, Chief Executive Officer: Dr. Claudio Andrea Gemme
- Director: Motoyoshi Hanaoka
Employees 1,336
Future Operation Policy and Investment Plan
With respect to Nidec’s industrial motor business, in September 2010, it acquired Nidec Motor Corporation (formerly, Emerson Motors & Controls) and have strived to continually strengthen this business. In the future, it intends to realize the fullest effect of synergies with the acquired business, ASI, (in technology, production and sales), which has strength in metals, energy & renewables, oil & gas, marine, & general industry sectors. It also intends to respond to a wide variety of customer needs by adding to its current product portfolio the acquired business’s large industrial motors, generators, low- and medium-voltage drives and industrial systems and automation, laying a foundation for Nidec to position itself in the market as a solution provider.