The law firm NOERR advised Nidec Corporation (NYSE: NJ, “Nidec”) on the acquisition of approximately 94.8% of the shares of ANA IMEP S.A. (“IMEP”), a company owned by George Copos and having as main business activity the development, manufacturing and sales of washing machine and drying machine motors.
NOERR has assisted the world’s no. 1 manufacturer of small precision motors, Nidec to enter into a share purchase and transfer agreement with the major shareholder of IMEP. Through this transaction, the Japanese company expects to enhance the competitiveness of its appliance motor business in the European market and obtain IMEP’s major customers.
The team of lawyers at NOERR was coordinated by Mihai Macelaru (Assciated 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.
NOERR stands for excellence and entrepreneurial thinking. With well-versed teams of strong characters, Noerr devises and implements solutions for the most complex and sophisticated legal matters. United by a set of shared values, the firm’s 500+ professionals are driven by one goal: the client’s success. As one of the top European law firms, Noerr is also well established internationally: with offices in eleven countries and a global network of top-ranked “best friends” law firms.