M&A Deal Summary

Nidec Acquires Honda Elesys

On October 30, 2013, Nidec Corp. acquired automotive company Honda Elesys Co. from Honda Motor Co., Ltd. for 500M USD

Acquisition Highlights
  • This is Nidec’s 2nd transaction in the Automotive sector.
  • This is Nidec’s 2nd largest (disclosed) transaction.
  • This is Nidec’s 1st transaction in Japan.

M&A Deal Summary

Date 2013-10-30
Target Honda Elesys Co.
Sector Automotive
Buyer(s) Nidec Corp.
Sellers(s) Honda Motor Co., Ltd.
Deal Type Divestiture
Deal Value 500M USD

Target

Honda Elesys Co.

Yokohama, Japan
website
Honda Elesys Company, Ltd. is a provider of automotive electronics.

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Buyer(S) 1

Buyer

Nidec Corp.

Kyoto, Japan

website


Category Company
Founded 1973
SectorElectrical Equipment
Employees117,206
Revenue 1,534.8B JPY (2020)
DESCRIPTION

Nidec Corporation is a manufacturer of electric motors. Nidec Group specializes and handles motor application products based on everything that spins and moves,centering around a motor business that comprises an expansive product line from small precision to supersized motors.These products are used in all kinds of objects and devices around us that are critical to our lives and society. Nidec was founded in 1973 and is based in Kyoto, Japan.


DEAL STATS #
Overall 5 of 24
Sector (Automotive) 2 of 3
Type (Divestiture) 2 of 10
Country (Japan) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-28 Jiangsu Kaiyu Auto Appliance Co., Ltd.

Changzhou, China

Jiangsu Kaiyu Auto Appliance Co., Ltd. is a development, manufacturing and sale of brush motors for EPS systems and automotive fans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 China Tex Mechanical & Electrical Engineering Co. Ltd.

Beijing, China

China Tex Mechanical & Electrical Engineering Co. Ltd. engages in Design, Development, Manufacture and Marketing of Switched Reluctance motors and drives.

Buy -

Seller(S) 1

SELLER

Honda Motor Co., Ltd.

Tokyo, Japan

website


Category Company
Founded 1946
SectorAutomotive
Employees218,674
Revenue 14,931.0B JPY (2020)
DESCRIPTION

Honda Motor Co. is a global manufacturer of automobiles, motorcycles, generators, lawn and garden equipment, marine engines, robotics, jets, and solar cells. Honda Motor was founded in 1946 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
Country (Japan) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-14 Ovonic Battery Co., Inc.

Troy, Michigan, United States

Ovonic Battery Company Inc. develops and markets NiMH batteries.

Sell $58M