Nidec, Embraer get approval for JV to develop propulsion system for aerospace

Japan’s Nidec (NJDCY) and Brazil’s Embraer (ERJ) “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 for the aerospace sector. 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, or UAM, industry. The UAM market is emerging and could create a $1.5T market by 2040, according to Morgan Stanley Research.”