Wed, 07/05/2017 - 11:22
KYOTO, Japan -- Nidec this week announced plans to acquire an Italian commercial pump and motor manufacturer that posted €9.8 million in sales last year.
According to a Nidec release, the company will acquire a 100 percent ownership interest in LGB Elettropompe S.r.l. (“LGB”). The Padua, Italy based company was founded in 1991 and employees 41 people.
It principally manufactures pumps for commercial dishwasher and motors for convection ovens.