Press Release: DESCH : Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies

KYOTO, Japan, Feb. 01, 2019 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the "Company" or "Nidec") today announced that the Company has agreed to acquire a 70% ownership of a privately owned German company, DESCH Antriebstechnik GmbH & Co. KG and its group companies in Germany and China (collectively "DESCH"), from its owners on January 31, 2019 (the "Transaction") through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec's subsidiary, Nidec-Shimpo Corporation. Details are as follows: