Nidec Global Appliance completes acquisition of Delta compressors in Austria
The transaction, which started in 2019, was approved by the European Commission
Nidec Global Appliance, a division of Nidec Corporation, acquired the Delta production line from Secop Austria on June 1st, after obtaining approval from the European Commission. The transaction, started in 2019, includes the operations related to the development, manufacturing and sales of Delta compressors, executed in the site of Fürstenfeld, Austria.
“The final approval of the acquisition is an important milestone to strengthen our compressors business globally. We are looking forward to taking the first steps to integrate Fürstenfeld into our global footprint”, states Valter Taranzano, CEO of Nidec Global Appliance.
With headquarters in Italy and Brazil, Nidec Global Appliance combines the synergies between brands and products for the appliances industry worldwide. The incorporation of Delta line enhances the existing portfolio of fixed and variable speed compressors for home appliances.
In this sense, Nidec Global Appliance aims to foster the synergies between Delta and other Embraco solutions. “It will enable us to evolve our innovation capabilities, which is key to anticipating future generation of products to our customers”, adds Taranzano. Through this agreement, the company will also reinforce its global footprint, which now counts on 12 manufacturing plants across 9 countries.
About Nidec Global Appliance
With over 17,000 employees across 9 countries, Nidec Global Appliance manufactures and commercializes Embraco and Delta cooling solutions for a variety of refrigeration applications, motors for dishwashers, washing machines and dryers, as well as air conditioning components. Its focus is to deliver a comprehensive portfolio capable of meeting customer needs through high standards of quality, competitiveness and energy efficiency. The division is part of Nidec Corporation, a global leader in motors and components, with headquarters in Japan. Further information: www.nidec.com
About Nidec Corporation
Parent company Nidec Corporation was established in Kyoto, Japan in 1973 by its Chairman and CEO Shigenobu Nagamori. In 1979, Nidec became the first company in the world to successfully commercialize a direct drive spindle motor for HDDs based on a brushless DC motor. Since then, the company has grown into a world-leading comprehensive motor manufacturer encompassing more than 300 subsidiaries employing over 100,000 people throughout the world and with annual sales exceeding $13B. Nidec’s motors, drives, generators and related products are found in a diverse range of applications including computers, smartphones, home appliances, automobiles, manufacturing plants, robots and more.