KYOTO, Japan, Oct. 30, 2013 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) (the "Company" or "Nidec") today announced that it has agreed to acquire all of the shares of Honda Elesys Co., Ltd. ("Elesys") from its shareholders, Honda Motor Co., Ltd. ("Honda"), NEC Corporation, Showa Corporation and Nissin Kogyo Co., Ltd. (the shareholders are correctly referred to as the "Shareholders") (the "Transaction"). For this purpose, the Company entered into a stock purchase agreement (the "Stock Purchase Agreement") with each of the Shareholders as of today.
Nidec To Acquire Honda Elesys Co., Ltd.
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