Japan-based motor manufacturer Nidec Corp. (NYSE:NJ) has agreed to acquired 100 percent equity shares of Secop Group, a German compressor manufacturer. The purchase includes Secop Holding GmbH, Secop s.r.o., Secop Compressors (Tianjin) Co. Ltd., Secop Inc. and shareholder loans from Secop Beteillingungs GmbH, a portfolio management company owned by AURELIUS Equity Opportunities SE & Co KGaA. The purchase price is €185 million (US$202.4 million)
The acquisition strengthens Nidec's new growth platform with focus on appliance, industrial and commercial business.