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NIDEC CORP Completes Acquisition Of Kinetek Group Inc.

Friday, 2 Nov 2012 02:30am EDT 

NIDEC CORP announced that it has completed the acquisition of all of the shares in Kinetek Group Inc. (the Acquired Business or Kinetek), a U.S.-based commercial motor manufacturer, from its shareholders, including the Resolute Fund, L.P., a private equity fund, on November 2, 2012 (November 1, 2012, U.S. time). As a result, the Acquired Business became a subsidiary of the Company . 

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0.12 +0.74%
4:01pm EDT