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Nidec acquires Italian commercial motor manufacturer

Japanese electronic products manufacturer Nidec Corp. has acquired a 100% ownership interest in Italian commercial motor manufacturer CIMA SpA from its shareholders.

CIMA was transformed into a limited liability company from a joint stock company at closing of the transaction. Its main products are motors used for ventilations and fans for agricultural and industrial purposes.

CIMA reported sales of €13.4 million for full year 2017.