ST. LOUIS—Japanese motor manufacturer Nidec has embarked on a robotics shopping spree, following the $45m purchase of German robot parts maker MS-Graessner, as it looks to tap into rapidly growing robotic demand throughout Europe, Asia and the Americas.
Nidec, which it is believed is set to spend $450m on acquiring five German robotics companies by the end of March 2019, has ambitions to enhance its technological capabilities and take advantage of a global shift toward automated manufacturing.
The Japanese company, known for speed-reducing gearboxes used in the joints of robot arms, will pay an estimated JPY5bn ($45m) for the German manufacturer through its subsidiary Nidec-Shimpo.
Read the full article.
Source | Innovation Enterprise