Case study

Avtron Industrial Automation Inc has been acquired by Nidec Corporation

Avtron Industrial Automation Inc. (AIA), a portfolio company of Morgenthaler Private Equity (Morgenthaler), has been sold to Nidec Corporation (Nidec). Financial terms of this transaction have not been disclosed.

Headquartered in Independence, Ohio, AIA is a leading provider of highly engineered control and automation solutions for heavy industries. The company’s encoder products, drive systems solutions and service offerings are key components for the precise control of the motion of heavy industrial equipment. Applications include: oil and gas drilling rigs, port cranes and hoists, mining shovels and drag lines, maritime vessel propulsion systems and continuous mill machinery such as steel rolling mills and paper machines.

Founded in 1973, Nidec is a manufacturer and distributor of electric motors and related components and equipment with headquarters in Kyoto, Japan. The company provides discrete and variable speed motors and pumps, electronic motor controls and other electronic components.

Morgenthaler is a leading private equity and venture capital firm with nearly US$3 billion under management. For over 40 years, the firm has dedicated to helping build value in more than 300 companies. With private equity locations in Cleveland, OH, and Boston, MA, Morgenthaler focuses on the lower–middle market. The private equity firm makes investments in profitable, family and entrepreneur businesses and corporate divestitures in two sectors: highly-engineered manufacturing and business services.

Oaklins' team in Cleveland served as the exclusive advisor to the seller in this transaction.

Tombstone image for Avtron Industrial Automation Inc has been acquired by Nidec Corporation

Key deal contacts

Mark A. Filippell

United States

Managing Director

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