Nidec Corp. has completed the pre-announced acquisition of the motors, drives and electric power generation businesses of Emerson Electric Co. on February 1, 2017, except for acquisitions in certain jurisdictions. The remaining acquisitions, including Leroy Somer Electro-Technique (Fuzhou) Co., Ltd., are scheduled to be completed by September 30, 2017.
Nidec has been actively developing a new growth platform with particular focus on industrial and commercial businesses. In line with this strategy, the transaction enables Nidec to further enhance and expand its industrial and commercial businesses to flexibly fulfill evolving customer need.
Emerson Electric Co. has a strong brand, solid business foundation and excellent customer base, particularly in Europe and North America. Nidec expects to accelerate Emerson Electric Co.’s growth with expected synergies including complementary product fit with full lineup in industrial products and geographic fit and enhancement of proposal to customers by combining the Acquired Businessīs drives with Nidecīs existing products.