Japan’s Nidec Corporation and Brazil’s Embraer have received unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates...
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Japan’s Nidec Corporation and Brazil’s Embraer have received unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace.
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. Mass production is expected to commence in 2026.
Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of the company. 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.”
“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,” said Dimas Tomelin, Senior Vice President of Corporate Strategy, Digital and Innovation, at Embraer.
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. The UAM market is emerging and could create a USD 1.5 trillion market by 2040, according to Morgan Stanley Research.
The joint venture Electric Propulsion System launch customer will be the eVTOL manufacturer Eve Air Mobility. Embraer will contribute expertise, know-how and resources pertaining to the controller, and Nidec will provide its expertise, technological know-how and resources pertaining to electric motors. Nidec owns a 51% share of the joint venture, and Embraer the remaining 49%.
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