OSAKA -- Acquisitive Japanese manufacturer Nidec plans to consolidate head office and development operations for key subsidiaries at a second headquarters, seeking to spur innovation in robotics, electric-vehicle components and other fields.
The Kyoto-based supplier of mechanical components has disclosed 57 acquisitions to date and recently announced a partnership with French automaker PSA in traction motors for electric cars.
Construction of the new headquarters, to be located next to the existing one, is to begin as soon as 2020 after Nidec acquires the site. The company expects to spend about 200 billion yen ($1.77 billion) on the consolidation, which will continue until around 2030.
Plans call for first relocating the head office and R&D operations of Kyoto-area subsidiaries Nidec-Shinpo, which makes parts for industrial robots, and Nidec-Read, which supplies semiconductor testing devices.
Later moves may include appliance component maker Nidec Techno Motor and auto parts supplier Nidec Elesys.
Nidec's core business is motors for electronics and machines, but the company has followed a strategy of acquiring parts makers in other fields and assembling their products into value-added modules.