NIDEC-SHIMPO CORPORATION Overview
Company Headquarters: Illinois, US
Founded: 1974
Workforce: ~2,913
Company Working: Nidec-Shimpo Corporation, a subsidiary of Nidec Group, which is one of the largest manufacturers of brushless DC motors and a large number of motor technologies. It also manufactures high precision power transmission drives and specializes in speed reducers. The company provides transmission drives for servo motors and high-speed and high-precision automatic press machines along with measuring instruments and pottery equipment. It caters to a wide range of end-use industries such as machine tools, aerospace, food & beverage, robotics, assembly & test, material handling, medical/pharma, and printing. The company offers industrial gearbox under five of its segments, which are small precision motors, automotive, appliance, commercial and industrial products, machinery, electronic & optical components, and others.
Nidec-Shimpo Corporation has a wide presence, across the globe. It serves clients in countries such as Mexico, Brazil, France, Spain, China, South Korea, and India. The company has five major competitors in the market, which are Siemens, Sumitomo Heavy Industries Ltd, Watt Drive Weg Group, Bonfiglioli, and Schneider Electric.
Strategy
Nidec-Shimpo Corporation is focused on acquiring other companies, which has helped the company attain advanced technologies, diverse product line, marketing and sales network, and a customer base, across the globe. For instance, in March 2019, it acquired DESCH Antriebstechnik GmbH & Co. KG and its group of companies, which is a manufacturer of large precision reduction gearboxes and drive systems including clutches and brakes. This has helped the company enhance its product portfolio and increase its customer base through DESCH’s sales channels in Europe. Nidec-Shimpo Corporation had also planned to expand its global presence by forming “five-pronged global matrix-based business management system”. Moreover, it primarily aims to strenghten its business growth through its merger and acquisition organic strategy.
