Sale to Nidec Corporation

Industrial
Sale to Nidec Corporation

Summary

Baird served as the exclusive financial advisor to Appliances Components Companies S.p.A. on this transaction

About

Sole Motors (the “Company”) has been acquired by Nidec Techno Motor Holdings Corporation (“NTMC”), a subsidiary of Nidec Corporation. Sole Motors incorporates the household motor business of Appliances Components Companies S.p.A. (“ACC”). Terms of the transaction were not disclosed.

Sole Motors is a leading global provider of electric motors for household appliances. Headquartered in Pordenone, Italy, with manufacturing facilities in Italy and Hungary, Sole Motors designs, manufactures and markets electric motors for wet household appliances including washing machines, dishwashers and dryers. The Company offers a high-quality product portfolio comprising a broad range of asynchronous, universal and controlled induction motors. Sole Motors serves global wet household appliance manufacturers, including Electrolux, Whirlpool, Indesit and Bosch.

Nidec Corporation (NYSE:NJ), headquartered in Kyoto, Japan, is one of the world’s largest manufacturers of precision electric motors and is quoted on the Tokyo, Osaka and New York stock exchanges. NTMC plans to bring Sole Motors under its umbrella alongside its subsidiary Nidec Shibaura’s household motor business in order to leverage Sole Motors’ strong market position and customer relationships in Europe.

For additional information about this transaction, please contact:

Nick Sealy +44 (0) 20 7667 8370
Julien Darmon +44 (0) 20 7667 8255
Gary Page +44 (0) 20 7667 8242
Industrial
Sale to Nidec Corporation
Date
January 2010
Company
Sole Motors
Transaction
M&A
Sectors
Industrial
Target Location
Asia
Acquiror Location
Asia

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