Core Viewpoint - Nidec has acquired Xecom, a Chinese company specializing in high-performance scroll compressors for air conditioning and refrigeration, to expand its market presence in China and enhance its technology portfolio [1][2]. Group 1 - Nidec announced the acquisition of Xecom on July 8, with Xecom's revenue approximately 2.5 billion yen [1]. - The acquisition allows Nidec to gain technology related to compressors used in refrigeration and air conditioning [1][2]. - Following the acquisition, Xecom's name was changed to Nidec Scroll Technology, located in Changzhou, Jiangsu Province [1]. Group 2 - Nidec obtained 100% ownership of Xecom through its Chinese subsidiary [2]. - Xecom was founded in 2021 and is expected to have around 75 employees by December 2024 [2]. - Xecom has a competitive advantage in the design and manufacturing of components for high-performance scroll compressors [2].