- Nidec Corporation has acquired full ownership of Changzhou Xecom Energy Technologies Co., Ltd, now renamed Nidec Scroll Technology (Changzhou) Co., Ltd.
- The acquisition aims to expand Nidec's presence in the air conditioning and heat pump markets.
- The transaction is not expected to have a significant impact on Nidec's financial performance this fiscal year.
Nidec Corporation (TSE: 6594; OTC: NJDCY) announced the completion of its acquisition of Changzhou Xecom Energy Technologies Co., Ltd., a Chinese scroll compressor manufacturer. Following the transaction, Xecom has been renamed Nidec Scroll Technology (Changzhou) Co., Ltd. and will operate as a consolidated subsidiary under Nidec's umbrella.
This strategic acquisition is a part of Nidec's ongoing efforts to strengthen its platform for growth in the appliance, commercial, and industrial motor sectors. With the addition of Xecom's expertise in high-performance scroll compressors, Nidec aims to boost its market share in refrigeration, air conditioning, and heat pump technologies.
Despite the acquisition, Nidec has stated that this transaction will not significantly affect its consolidated financial performance for the fiscal year ending March 31, 2026. Nidec assures stakeholders that any necessary disclosures will be made in compliance with Tokyo Stock Exchange regulations.
