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Slide #50. Nidec — Nidec-Read Corporation and Nidec Copal Electronics Corporation
Nidec-Read Corporation and Nidec Copal Electronics Corporation
Nidec Corporation ("Nidec") (NYSE:NJ) announced today that Nidec and its two listed subsidiaries, Nidec-Read Corporation ("Nidec-Read") (Tokyo:6833) and Nidec Copal Electronics Corporation ("Nidec Copal Electronics") (Tokyo:6883), have resolved at their respective board meetings held on April 22, 2014 to enter into share exchange transactions (the "Share Exchange") under which Nidec will make Nidec-Read and Nidec Copal Electronics its wholly owned subsidiaries.
NIDEC and its subsidiaries are primarily engaged in the design, development, manufacture and marketing of small precision motors, mid-size motors, machinery, electronic and optical components, and other products. Co.'s principal products are spindle motors for hard disk drives, motors for optical disk drives, small precision fans and other small motors; mid-size motors; test systems, measuring equipment, power transmission equipment, factory automation systems, card readers and industrial robots; camera shutters, camera lens units, switches, trimmer potentiometers, motor driven actuator units, processing and precision plastic mold products; and auto parts and pivot assemblies.
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