M&A Deal Summary

Nidec Acquires Canton Elevator

On December 6, 2016, Nidec acquired electrical equipment company Canton Elevator

Acquisition Highlights
  • This is Nidec’s 10th transaction in the Electrical Equipment sector.
  • This is Nidec’s 4th transaction in the United States.
  • This is Nidec’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2016-12-06
Target Canton Elevator
Sector Electrical Equipment
Buyer(s) Nidec
Deal Type Add-on Acquisition

Target

Canton Elevator

Massillon, Ohio, United States
Canton Elevator, Inc. engages in Design, manufacture and sales of commercial, residential, and freight elevator systems and components.

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Buyer(S) 1

Buyer

Nidec

Kyoto, Japan
Category Company
Founded 1973
Sector Electrical Equipment
Employees758
Revenue 2.35T JPY (2024)
DESCRIPTION

Nidec manufactures 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 14 of 28
Sector (Electrical Equipment) 10 of 14
Type (Add-on Acquisition) 9 of 16
State (Ohio) 2 of 2
Country (United States) 4 of 8
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Leroy-Somer S.A.

Angouleme, France

Leroy-Somer S.A. is a manufacturers and suppliers of alternators, drives, and motors. The company offers alternators, synchronous, permanent magnet motors, asynchronous and DC motors, asynchronous brake and electromechanical geared motors, speed variation, and pumps.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Emerson Electric - Motors Drives and Electric Power Generation Businesses

St. Louis, Missouri, United States

Emerson Electric Co. - Motors, Drives and Electric Power Generation Businesses is a provider of electrical equipment in US.

Buy -
Mergr

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