| | OCTOBER 20239IN FOCUSIN FOCUSJAPAN BASED NIDEC & EMBRAER RECEIVE NOD FOR JOINT VENTURESACHIN PATIL, THE NEW MD AND CEO OF MESSE STUTTGART INDIANidec Corporation of Japan and Embraer of Brazil are pleased to announce that their joint venture, Nidec Aerospace LLC, has received unconditional permission from all essential regulatory agencies. The merger unites two world-class engineering firms' complementing synergies and different areas of competence to develop Electric Propulsion Systems (EPS) for the aerospace market.Vincent Braley, chief of staff for Nidec's Motion and Drives business in the United States, has been appointed the CEO of Nidec Aerospace with immediate effect. Braley brings broad experience in business development and management to his new role to lead the joint venture's future growth, as per business wire."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 corporate combination, which was announced at the Paris Air Show in June, intends to create new opportunities by offering a global portfolio of agnostic goods and services, first driven by the rise of the Urban Air Mobility (UAM) market. According to Morgan Stanley Research, the UAM industry is growing and might reach $1.5 trillion by 2040. Messe Stuttgart India a prestigious subsidiary of Landesmesse Stuttgart GmbH, has named Sachin Patil as its new Managing Director and Chief Executive Officer. Sachin Patil offers a lot of expertise, strategic vision, and creativity to this crucial leadership post after an impressive career spanning over 18 years.Messe Stuttgart India stands as a key player in the trade fair and exhibition landscape, renowned for curating and organizing world-class events that unite industry leaders, innovators, and stakeholders across various sectors. In 2024, the company is set to showcase an array of remarkable events, including LogiMAT India, MOLDEX India, FASTNEX, and VISION, as per ANI.These events are positioned to raise industry standards, foster cooperation, and propel innovation in their respective fields. Messe Stuttgart in Germany, the parent corporation, has a remarkable tradition spanning over 80 years, with its first fair conducted in the 1940s. It is now one of the world's major trade show organizers, staging more than 70 international fairs and conferences each year, attracting millions of visitors and exhibitors.Sachin Patil has extensive experience with Messe Stuttgart, having previously worked as the Official Representative in India. Throughout his career, his dynamic leadership and capacity to spearhead innovative projects have been obvious."I am honored and excited to take on the role of Managing Director and CEO at Messe Stuttgart India," remarked Sachin Patil. "My vision for this role is to further elevate our position as a trailblazer in the Indian trade fair and exhibition industry. Through strategic collaborations, innovation, and a keen focus on value creation, we aim to create impactful platforms that connect industries, drive growth, and foster meaningful partnerships".
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