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Johnson Electric takes full control of Nihon Mini Motor

Posted: 13 May 2004 ?? ?Print Version ?Bookmark and Share

Keywords:johnson electric? nihon mini motor?

Johnson Electric Holdings Ltd has taken full control of Nihon Mini Motor for $14.2 million.

The company acquired the remaining 51 percent of Nihon Mini Motor from a group of 24 shareholders, a year after buying out 49 percent of equity held by Mitsubishi Materials Corp. According to Johnson Electric, Nihon Mini Motor developed several new products and acquired new customers during its yearlong integration with the company.

"This move is timely as Nihon Mini Motor has strengthened its position as the number one motor supplier to the digital camera market. Johnson Electric has supported this growth by leveraging its worldwide sales channels and competitive cost structure," says Jim Dick, Johnson Electric's SVP for strategic marketing.

With the acquisition, the company also introduces the "Johnson Nihon Mini" product brand for all Nihon Mini camera motor products.

Johnson Electric is a major supplier of micro motors and integrated motor systems to global customers in the automotive, power tools, home appliance, business equipment, A/V and personal care sectors. It has a production base in mainland China and design engineering centers in Hong Kong, Italy, the mainland, Japan, and the U.S.

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