Friday 3 February 2017

Acquisition Completed.

Nidec completes acquisition of Emerson Electric's motors, drives and electric power generation Businesses

Nidec Corporation has announced that the Company has completed the pre-announced acquisition of the motors, drives and electric power generation businesses (the “Acquired Business”) of Emerson Electric Co. (“Emerson”) (the “Transaction”) on February 1, 2017, Japan time, except for acquisitions in certain jurisdictions.

As a result of the Transaction the Acquired Business, consisting of the companies listed below, became Nidec’s subsidiaries. The remaining acquisitions, including Leroy Somer Electro-Technique (Fuzhou) Co., Ltd., are scheduled to be completed by September 30, 2017.

#Nidec #PAuto @Leroy_Somer

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