New perspectives for development at ANA IMEP, after being purchased by Nidec Corporation

ANA IMEP, electrical engines producer from Pitesti, and with 49 year history in the national and international markets, was purchased in proportion of 94,8 % by the Japanese From Nidec Corporation, a world class electrical engine producer, listed at the New York Stock Exchange.

According to the Romanian company, the owners decided to sell in order to make room for future growth, giving that Nidec uses the highest production technologies, and is oriented towards developing new platforms for the auto, appliances, and industrial engines industries. Moreover, Nidec intends to invest substantially in improving the actual production capacity of the factory, and is planning to develop IMEP as an engineering and centralized services center.

This purchase is considered to be an asset for Nidec, since it will enhance their competitivity on the European market, and it will add valuable clients to their portfolio.

Over 10 million EUR were invested in ANA IMEP since 1996 by the previous owners. The company served as supplier for actors in the appliance industry like Indesit, Whirlpool, Vestel, etc.

German law firm Noerr assisted Nidec in this transaction, with a team of lawyers coordinated by Mihai Macelaru (Associated Partner & Head of M&A Practice), seconded by Cristina Stamboli (Senior Associate), while Roxana Dudau (Associated Partner, Head of Real Estate & Construction) and Luiza Bedros (Senior Associate) acted also as key figures.

Noerr has assisted the client during the entire transaction in all legal aspects related to the Romanian law, including the performance of the legal due diligence investigation over Ana‎ Imep and Ana Mep.

"It has been both an honour and a professional pleasure to assist such a prestigious corporation in expanding its footprint ‎on the Romanian market," declared Mihai Macelaru.

 “Nidec is actively moving forward with the development of new growth platforms with particular emphasis on automotive, appliance, commercial and industrial motors and solutions. Under such strategy, Nidec recognizes the importance of building up a cost efficient and high-profitability structure through the optimization of production globally. In addition, the Company intends to build up a major manufacturing base in an emerging EU market for its Appliance, Commercial and Industrial Motors business (“ACIM”). With the expansion of ACIM globally, it is essential to expand its production capacity in Europe, especially in a cost-efficient country such as Romania”, declared Nidec representatives.

by Mihaela Constantin