| 10:21 AM EST

Nidec Buys Omron Automotive Electronics

Nidec Corp. has agreed to acquire Omron Corp.’s Automotive Electronics unit. Both companies are based in Japan.
#asia

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Nidec Corp. has agreed to acquire Omron Corp.’s Automotive Electronics unit. Both companies are based in Japan.

The deal, which is expected to close in October, is valued at about 100 billion yen ($890 million). Nidec says the purchase is part of a plan to double its automotive business to 600 billion yen ($5.4 billion) per over the next two years.

Formed in 2010, Omron Automotive had sales of 36.3 billion yen ($320 million) in the fiscal year ending March 2018. The company produces electronic controllers and sensors.

Nidec plans to team its Elesys motors, pumps and gears with Omron’s ECUs. Elesys’ radar and camera sensors also complement Omron’s lidar and driver monitoring systems for future driver-assist and autonomous driving technologies. Nidec acquired Elesys in 2014.

RELATED CONTENT

  • Breaking Down the Chevy Bolt

    Sandy Munro and his team of engineers and costing analysts at Munro & Associates were contacted by UBS Research—an arm of the giant banking and investment firm—and asked whether it was possible to do a teardown and cost assessment of the Chevrolet Bolt EV.

  • BMW and Toyota and FMCW Lidar

    This is not a piece of modern art: Rather, it is an image from Blackmore Sensors and Analytics of Bozeman, Montana, micro-Doppler signatures of pedestrians (or maybe that’s a pedestrian, singular) walking (see it now?). Blackmore is a company that is developing FMCW lidar.

  • 2018 Kia Stinger GT2 AWD

    The Kia Stinger was a finalist for the 2018 North American International Car of the Year Awards.