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Nidec Buys Omron Automotive Electronics
Nidec Corp. has agreed to acquire Omron Corp.’s Automotive Electronics unit. Both companies are based in Japan.
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Nidec Corp. has agreed to acquire Omron Corp.’s Automotive Electronics unit. Both companies are based in Japan.
The deal, which is expected to close in October, is valued at about 100 billion yen ($890 million). Nidec says the purchase is part of a plan to double its automotive business to 600 billion yen ($5.4 billion) per over the next two years.
Formed in 2010, Omron Automotive had sales of 36.3 billion yen ($320 million) in the fiscal year ending March 2018. The company produces electronic controllers and sensors.
Nidec plans to team its Elesys motors, pumps and gears with Omron’s ECUs. Elesys’ radar and camera sensors also complement Omron’s lidar and driver monitoring systems for future driver-assist and autonomous driving technologies. Nidec acquired Elesys in 2014.RELATED CONTENT
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