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Nidec Corporation (NNDNF)

Other OTC - Other OTC Delayed Price. Currency in USD
55.50-0.93 (-1.64%)
At close: 03:34PM EST
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  • Business Wire

    Nidec Completes the Acquisition of the Shares of Italian Machine Tool Manufacturer PAMA and Its Affiliates

    KYOTO, Japan, February 01, 2023--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company" or "Nidec") announced today that, in accordance with its November 30, 2022 press release, "Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates," it has completed the acquisition of all the shares of PAMA S.p.A ("PAMA") on February 1, 2023.

  • Business Wire

    Nidec Announces the Status of Own Share Repurchase

    KYOTO, Japan, February 01, 2023--Nidec Corporation (TOKYO:6594; OTC US:NJDCY) (the "Company") today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2023, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

  • Reuters

    Taiwan's Foxconn taps former Nissan and Nidec heavyweight Seki for EV business

    Seki, once seen as a contender for the top job at Nissan, later went to motor maker Nidec, holding the role of chief executive before having to resign to take responsibility for a deterioration in the company's earnings. Seki had been recruited to Nidec from Nissan by Nidec's hard-driving founder Shigenobu Nagamori in 2020 to help Nidec become a major player in components for next-generation automobiles.

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