Nidec completed the acquisition of Houma Armature Works.

Nidec, a comprehensive electric motor manufacturer, completed the acquisition of Houma Armature Works, a service partner which remanufactures motors and generators. Financial terms were not disclosed. The acquisition of Houma is part of NMC’s strategy to be competitive in both product and aftermarket spaces to accelerate profitable growth. Through this acquisition, NMC will be able to enhance its service offering, including expanding its share within its own US installed base, and Houma will be able to provide services to NMC’s customers.