ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Nidec to grab German refrigerator compressor maker Secop

$227m deal would boost Japanese multinational's white goods parts ops

Nidec Chairman and President Shigenobu Nagamori

OSAKA -- Japanese motor giant Nidec plans to fully acquire the Secop group, a German refrigerator components maker, in a play to capture demand generated by tightening environmental regulations worldwide.

The deal seen at around 25 billion yen ($227 million) would turn Secop into a subsidiary by the end of the year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more