Nidec Corp. has announced that one of its subsidiaries, Nidec Sankyo Corp., has completed succeeding the business of Tokyo Maruzen Industry Co. on Oct. 1. This succession was performed in line with the succession plan announced on Aug. 9.
Electric contact products used for relays, switches, circuit breakers, etc. are gaining popularity in the fast-growing electric and plug-in hybrid vehicles market and also expected to expand their use into the appliance and industrial equipment market. Nidec Sankyo has taken over the entire business of the Tokyo Maruzen, including the mainstay electric contact business, in response to the surge in demand for electric contacts.
Nidec believes Tokyo Maruzen’s capability in material development, production engineering and manufacturing responsiveness will allow for unparalleled sophistication in electric contacts both in terms of quality and reliability.