This press release contains forward-looking statements regarding the intent, belief, strategy, plans or expectations of the Nidec Group or other parties. Nidec Sankyo aims to further grow by capturing demand of expanding semiconductor market.ģ. Effect on Financial Performance for the Current Fiscal YearThis transaction is expected to have no significant impact on Nidec Corporation’s consolidated financial performance for the fiscal year ending March 31, 2019.Ĭautionary Statement Concerning Forward-Looking Information Nidec Sankyo will utilize Genmark’s product development and production capabilities to strengthen its product lineup and global network, which will allow cross sales between Nidec Sankyo and Genmark. Handling robots, motion control products and integrated tool Outline of New Subsidiary (As of May 1, 2018) (1) Company nameĭevelops, manufactures and sells semiconductor wafer As a result of this transaction, Genmark has become a consolidated subsidiary of Nidec Sankyo, as outlined below:ġ. (“Genmark”) in line with its previous announcement titled “Nidec to Acquire Genmark Automation, Inc., an US Semiconductor Wafer Handling Robot Manufacturer” dated April 24, 2018. Masahiro Nagayasu General Manager Investor Relations -7069 Corporation (TSE: 6594 OTC US: NJDCY) today announced that its subsidiary, Nidec Sankyo Corporation (“Nidec Sankyo”) has completed the acquisition of 100% equity shares of Genmark Automation, Inc.
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