DESCH: Nidec takes 70% stake in German gearbox manufacturer, Desch

The Japanese motors and drives giant Nidec is acquiring a 70% stake in the German precision gearbox and drive component manufacturer, Desch Antriebstechnik, and its subsidiaries in Germany and China. The transaction will give Nidec�s gearbox subsidiary Nidec-Shimpo access to the market for large precision gearboxes, in addition to its current presence in the small precision gearbox market. Desch�s companies in North America are not part of the agreement, whose financial details have not been disclosed.