Nidec to acquire Germany-based automotive pump supplier  [ Germany ]

Nidec Corporation announced that it has signed an agreement to acquire full ownership of Germany-based Geraete- und Pumpenbau GmbH Dr. Eugen Schmidt (GPM). The transaction is scheduled to close in February 2015. GPM is engaged in developing, manufacturing, and selling various pumps such as water pumps, oil pumps, and module pumps for passenger and commercial vehicles. With a workforce of approx...
<Dec 12, 2014>