Nidec to acquire Secop Group from Aurelius for €185 million

Nidec Corporation's board approved acquiring 100% of the Secop refrigeration-compressor group, a portfolio company of Aurelius Equity Opportunities, entering a stock purchase agreement; the purchase price is €185 million.

“Nidec Corporation announced that its Board of Directors has approved a resolution to acquire 100% equity shares of Secop Holding GmbH, Secop s.r.o., Secop Compressors (Tianjin) Co. Ltd. and Secop Inc. (“Secop”), and shareholder loans from Secop Beteillingungs GmbH, a portfolio management company owned by AURELIUS Equity Opportunities SE & Co KGaA (“Aurelius”) (the “Transaction”).”

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