Market news, 25 July 2024
Nidec Global Appliance, a division of Nidec Corporation, acquired the Delta production line from Secop Austria on June 1st, after obtaining approval from the European Commission. The transaction, started in 2019, includes the operations related to the development, manufacturing and sales of Delta compressors, executed in the site of Fürstenfeld, Austria.
“The final approval of the acquisition is an important milestone to strengthen our compressors business globally. We are looking forward to taking the first steps to integrate Fürstenfeld into our global footprint”, states Valter Taranzano, CEO of Nidec Global Appliance.
With headquarters in Italy and Brazil, Nidec Global Appliance combines the synergies between brands and products for the appliances industry worldwide. The incorporation of Delta line enhances the existing portfolio of single and variable speed compressors for home appliances.
In this sense, Nidec Global Appliance aims to foster the synergies between Delta and other Embraco solutions. “It will enable us to evolve our innovation capabilities, which is key to anticipating future generation of products to our customers”, adds Taranzano. Through this agreement, the company will also reinforce its global footprint, which now counts on 12 manufacturing plants across 9 countries.
