Nidec, believed to be the world’s leading supplier of components for industrial robots, has completed the acquisition of 90 per cent ownership of Roboteq, a US-based designer of ultra-low voltage drives.
As a result of the transaction, Roboteq became a consolidated subsidiary of Nidec.
Nidec says the acquisition strengthens its presence in some key future growth drivers, including robotization. Nidec says it is aiming to become a global leader in these markets.
Nidec is expanding its ability to provide package solutions to all its served markets as demand continues to increase for convenient, modular solutions. These include the robotic or automated guided vehicle market.
The contemplated acquisition of Roboteq is a “significant part of Nidec’s strategy to modularize its various product offerings and invest in key future growth drivers”, says the company.
Roboteq is a leading designer of ultra low voltage drives for the rapidly growing AGV market. Roboteq products are used in AGVs for warehouses, security, and cleaning/agricultural use.
Through the acquisition of Roboteq, Nidec will be able to provide AGV customers with ULV drives in addition to its servo motors and precision gear box offerings.
The acquisition will also add navigation sensors and power management technology to fill the gap in Nidec’s current AGV platform, allowing Nidec to act as a single vendor that can offer full motor control system support to customers.
Additionally, the integration of Roboteq’s engineering team into the existing Nidec Motion Control engineering team will further strengthen the Company’s R&D capabilities.
Upon completion of the acquisition, the initial step of the Nidec’s strategy to strengthen its ability to offer package solutions will be executed, and then Nidec plans to shift its strategic focus to achieving synergy among Nidec, NMC and the acquired operations and improving profitability.