- Nidec (OTCPK:NJDCY) completed the acquisition of Changzhou Xecom Energy Technologies Co., Ltd., a privately owned Chinese manufacturer specializing in high-performance scroll compressors for air conditioning, heat pumps, and refrigeration.
- Following the transaction, Xecom has become a consolidated subsidiary of Nidec
Nidec buys Chinese scroll compressor maker Xecom

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