Nidec completed the acquisition of OMRON Automotive Electronics for $894m.

Japan’s Nidec, a manufacturer of electric motors, completed the acquisition of OMRON Automotive Electronics, which engages in research and development, manufacturing, and sales of automotive electronics products, for JPY100bn ($894m). The deal is part of Nidec’s drive to double sales of the automotive business to JPY600bn ($5.4bn) by the year ending March 2021. Omron Automotive Electronics has strengths in electronics devices for body control and motor control systems, as well as laser radar and driver monitoring systems. The acquisition will allow Nidec to provide a full spectrum of sensors required for autonomous driving.