Japanese group buys out hi-tech Greek firm | Business

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Arizona-based Greek-owned company Roboteq has become a consolidated subsidiary of Japan’s Nidec, one of the world’s biggest manufacturers of electric motors.

Roboteq, which has a research and development center in Greece, was bought out last week by the Japanese giant, raising the prospects of hirings at Koropi in eastern Attica.

“The R&D department we launched in Athens in November last year will be the winner after this transaction,” Cosma Pabouctsidis, founder and chief executive…

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Source: ekathimerini.com