Embraco Slovakia acquired Japanese Nidec Corporation
Embraco Slovakia, the leading manufacturer of hermetic compressors in the world, based in Spišská Nová Ves, has a new owner. It is The Nidec Corporation, a leading global engine manufacturer based in Kyoto, Japan. It has over 100,000 employees in the world.
The transaction is subject to regulatory approvals and is expected to be completed in early 2019, production continues unchanged. Apart from Slovakia, Embraco has factories in Brazil, Italy, China and Mexico, which can produce 37 million compressors each year. It employs around 13,000 people worldwide. The Spišská Nová Ves factory has grown over 20 years ago. It is the largest employer in the city and the region.