Acquisition of Emerson Electric by Nidec

Nidec announces the acquisition completed on February 1st of the motors, drives and electric power generation businesses of Emerson Electric Co. The acquired businesses become a Nidec’s subsidiaries, while remaining pre-announced acquisitions, including Leroy Somer Electro-Tecnique (Fuzhou) Co., are scheduled to be completed by September 30, 2017. The acquisition enables Nidec to further enhance and expand its industrial and commercial businesses to flexibly fulfill evolving customer needs.

The company expects to accelerate the acquired businesses’ growth with synergies including complementary product fit, with full lineup in industrial products and geographic fit, and enhancement of proposal to customers by combining the acquired businesses’ drives with Nidec existing products. The transaction is expected to accelerate the Company’s growth by integrating technological capabilities, strong brands and excellent customer bases – especially in Europe and North America for Emerson’s divisions – contributing towards achieving its mid-term growth strategy target of two trillion yen in sales in fiscal year ending March 2021.

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