KYOTO, Japan, Feb. 26, 2007 (PRIME NEWSWIRE) -- Nidec Corporation ("Nidec") (NYSE:NJ) announced today that it completed all transactions relating to the acquisition of Brilliant Manufacturing Limited ("BML") on February 23, 2007 by acquiring 87% of the outstanding shares of BML common stock for approximately 170 million Singapore dollars. As a result, BML and its ten subsidiaries have been included in Nidec's scope of consolidation.
The acquisition of BML is aligned with Nidec's aim to expand in-house manufacturing capability for HDD motor parts and related precision parts including base plates. Nidec expects that BML's competitive manufacturing expertise ranging from aluminum die casting, machining, pressing to electroplating will significantly strengthen Nidec's core competence in the HDD motor production.
Full copy of the press release: http://www.nidec.co.jp/english/ir/indexdata_e/2007/0226.pdf
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