ST. LOUIS ( April 29, 2021) – AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, has presented Nidec Motor Corporation (NMC) with its 2020 Supplier of the Year Award for Collaboration & Innovation.

Nidec was honored for “remarkable performance and strategic alignment with AGCO’s design, engineering and purchasing teams to successfully implement design changes and bench testing which have produced tremendous technological advancements and cost savings that benefit participants across AGCO’s product cycle.”

In accepting the award, Chris Wiseman, president of the Commercial and Industrial Motors and Drives division of Nidec Motor Corporation said, “It is gratifying to be recognized for our partnership with AGCO and our joint successes. Nidec’s engineering and sales groups have worked closely over the past few years to ensure we are providing perfectly matched product applications for GSI, one of AGCO's core brands. We look forward to future collaborations to deliver new Nidec innovations and technologies that can help reduce costs, raise efficiency and create reliable systems. Together we will continue to grow business and support our ever-important agricultural workers."

“Our suppliers performed admirably in 2020 and we are very grateful for their support and initiative,” said Michael Clem, vice president, Purchasing and Materials, Americas for AGCO. “We will collaborate again in 2021 to navigate a challenging supply landscape and ensure timely delivery of quality components to AGCO’s manufacturing facilities, our dealer network, and, ultimately, the world’s farmers.”

Nidec Motor Corporation (NMC)

NMC is a leading manufacturer of commercial, industrial, and appliance motors and controls. The NMC product line features a full line of small to large high-efficiency motors, controls, and integrated solutions which serve applications ranging from agriculture, automotive, marine, robotics, automated guidance vehicles, water treatment, mining, oil and gas, and power generation to ventilation fans, pool and spa motors, air conditioning condensers, rooftop cooling towers, commercial refrigeration and more. For more information, visit http://www.nidec-motor.com/

Parent company Nidec Corporation, headquartered in Kyoto, Japan, is comprised of approximately 300 group companies employing over 100,000 people all over the world. Nidec is the world's No.1 comprehensive motor manufacturer and offers a wide variety of motors ranging from micro-size to super large, as well as application products and services in IT, automation, home appliances, automobiles, commercial and industrial systems, environmental, energy, and many other businesses. Nidec is proud to be part of your daily life.