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Nidec and Embraer receive approval for joint venture

Japan’s Nidec Corporation and Brazil’s Embraer welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC.

The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates to develop Electric Propulsion Systems (EPS) for the aerospace sector.

Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of Nidec Aerospace with immediate effect.

Braley brings broad experience in business development and management to his new role to lead the joint venture’s future growth.

“This approval marks a significant milestone not only in Nidec Motion & Energy’s joint venture with Embraer, but also in our shared vision to advance and electrify the way the world travels,” said Michael Briggs, Senior Vice President and President of the Motion & Energy Business Unit at Nidec.

“Now with official clearance to proceed, the Nidec Aerospace team is poised to bring the expertise, speed, and drive needed to accelerate sustainable aviation on a global scale.”

“We are thrilled with the unconditional clearance,” said Dimas Tomelin, Senior Vice President of Corporate Strategy, Digital and Innovation, at Embraer.

“The next step will be the integration of these two powerful operational and engineering capabilities focused on business excellence.

“Together, our extraordinary teams will be able to develop advanced solutions to collaborate with the future of sustainable aviation.”

Unveiled at the Paris Air Show in June, the business combination aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide, driven initially by the growth of the Urban Air Mobility (UAM) industry.