Nidec to clinch Genmark Automation; expanding reach in global semiconductor market

Japan-headquartered Nidec Corporation’s subsidiary Nidec Sankyo Corporation is acquiring 100% equity shares of Genmark Automation through Genmark Sub Corporation, a special purpose company, which Genmark has established for this acquisition. Purchase price is not disclosed. Estimated closing of the transaction is early May 2018.

Nidec Sankyo manufactures and sells wafer handling robots used in the process of semiconductor and flat panel display manufacturing in the clean rooms. As the demand for semiconductor production equipment is expected to grow significantly, Nidec Sankyo aims to increase its presence in the semiconductor industry by expanding product lineup and enhancing global reach.

US-based Genmark mainly develops, manufactures and sells atmospheric and vacuum robots for semiconductor wafer handling together with ancillary equipment. Genmark has particular strength in developing robots that operates in IoT environment, for which the demand is expected to grow. In addition, Genmark has multiple talented engineers who can meet severe demands from major customers, strong marketing and after-sales network in the US, Europe and Asia. Genmark has established close relationship with major semiconductor manufacturers.

After acquiring Genmark, Nidec Sankyo will utilise Genmark’s product development and production capabilities to strengthen its product lineup and global network, which will allow cross sales between Nidec Sankyo and Genmark. Nidec Sankyo aims to further grow by capturing demand of expanding semiconductor market.

(PRA)

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