acquisition by Nidec Corporation completed - Ansaldo Sistemi ...
acquisition by Nidec Corporation completed - Ansaldo Sistemi ...
acquisition by Nidec Corporation completed - Ansaldo Sistemi ...
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Milan, 1 st june, 2012<br />
PRESS RELEASE<br />
<strong>Ansaldo</strong> <strong>Sistemi</strong> Industriali: <strong>acquisition</strong> <strong>by</strong> <strong>Nidec</strong> <strong>Corporation</strong><br />
<strong>completed</strong><br />
Mr. Patrick K. Murphy, Ceo di <strong>Nidec</strong> Motors <strong>Corporation</strong> (Usa) appointed Chairman of ASI, Mr. Claudio Andrea<br />
Gemme confirmed as Ceo<br />
After obtaining the approval <strong>by</strong> the antitrust authority, the agreement for the <strong>acquisition</strong> of <strong>Ansaldo</strong> <strong>Sistemi</strong><br />
Industriali <strong>by</strong> <strong>Nidec</strong> <strong>Corporation</strong> was signed in Milan yesterday, as anticipated in last april and confirmed in<br />
the press release diffused today <strong>by</strong> the Japanese Corporate.<br />
The agreement was signed <strong>by</strong> Mr. Juntaro Fuji, Director, M&A, <strong>Nidec</strong> <strong>Corporation</strong>, and for the selling party <strong>by</strong><br />
(or on behalf of) Ms. Lynn Tilton, Ceo of Patriarch Partners, Llc and past Chairman of ASI .<br />
The meeting was attended <strong>by</strong> Mr. Claudio Andrea Gemme, confirmed as Ceo of <strong>Ansaldo</strong> <strong>Sistemi</strong> Industriali,<br />
and <strong>by</strong> Mr. Patrick K. Murphy, the Ceo of <strong>Nidec</strong> Motors <strong>Corporation</strong> (Usa) and now appointed Chairman of<br />
ASI. Mr. Hanahaka Motoyhoshi, shall be a member of the Board of Directors.<br />
The <strong>Nidec</strong> Group is targeting to become the world leader for “everything that spins and moves”, i.e. electric<br />
drives, with special focus on motors. In line with this strategy, the takeover of ASI represents a further,<br />
significant step in the M&A policy planned <strong>by</strong> the Corporate through the last four years <strong>by</strong> actively pursuing<br />
opportunities to acquire companies in this industry.<br />
With a long-standing industrial tradition and a qualified workforce of highly-trained technicians and<br />
professionals, specialized in engineering, product development and sale of high-tech products and services,<br />
Asi represents a valuable asset.<br />
Through Asi’s <strong>acquisition</strong>, <strong>Nidec</strong> Group aims to accelerate the global expansion of its industrial motor business<br />
<strong>by</strong> the access to new market areas (Europe, China, India, Russia and the Middle East) and sectors (iron&steel<br />
power generation, oil&gas many other industrial applications).<br />
<strong>Ansaldo</strong> <strong>Sistemi</strong> Industriali will work in close cooperation with <strong>Nidec</strong> Motors <strong>Corporation</strong> (St.Louis, USA), the<br />
primary industrial motor subsidiary of the Group now operating in the markets of North and South America,<br />
where it offers, as its main products, low to medium power range motors for the core industry applications of<br />
oil&gas and water and waste water.<br />
“As a result of Asi becoming a Group company, says Asi’s newly-appointed Chairman, Mr. Patrick K. Murphy,<br />
“we will be able to offer a wider range of products, such as high power range industrial motors ( 3,730 to<br />
35,000kW), medium and low voltage drives and industrial automation systems; together, we become a more<br />
aggressive competitor in the global market, <strong>by</strong> offering our customers tailored, complete solutions meeting<br />
their most demanding requirements”.
“We are proud to have been selected to join a prestigious Group such as <strong>Nidec</strong>“ comments Mr. Claudio<br />
Andrea Gemme, confirmed as Asi’s Ceo “and I am confident that our long-standing industrial tradition of<br />
technological excellence and customer satisfaction will actively contribute to the success of the Group. Asi will<br />
in turn benefit from the know-how and capabilities of the other Companies of the Group for mutual growth<br />
and combined competition on the market.<br />
“I am also pleased to remark” concludes Mr. Gemme “that the industrial identity of <strong>Nidec</strong> <strong>Corporation</strong> offers<br />
the guarantee of continuity and enhacement of our company’s organization, management and production<br />
activities – all these factors enhance optimism in a period of economic crisis and occupational criticalities such<br />
as the present one”.<br />
Contacts with the Press:<br />
Fiammetta Leoni<br />
Sintesi Immagine e Comunicazione<br />
Cell. 393 740 04 04<br />
Tel. 02.5680.4257<br />
f.leoni@sintesi.biz<br />
Gabriella Giannini<br />
Press Office<br />
<strong>Ansaldo</strong> <strong>Sistemi</strong> Industriali<br />
Tel 010 6063.002<br />
gabriella.giannini@asiansaldo.com