Mexican Media Brands
Nidec Buys Omron Automotive Electronics
Nidec Corp. has agreed to acquire Omron Corp.’s Automotive Electronics unit. Both companies are based in Japan.
#electronics
Share
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
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
2018 Ford EcoSport: Small Is the New Big
Eric Loeffler, chief program engineer for the 2018 Ford EcoSport, recalls driving home from work one day from the product development center in Brazil where work was underway on developing the vehicle that will be coming to the U.S. in 2018, having been launched in 2003 in South America and is now become available in 140 countries around the world.
-
Ford Expedition: Bigger, Better
If you’re going to introduce a new full-size SUV, you might as well do it in a place where there are more of them sold than anywhere else, says Joe Hinrichs, Ford president of the Americas.