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Emerson completes sale of motors and drives businesses

Emerson completes sale of motors and drives businesses
February 3, 2017 Zachary Otte

This story was originally published in St. Louis Business Journal on February 1, 2017.


By | bizjournals.com/stlouis


“Nidec Corp. (OTC: NJDCY) said Wednesday that it has completed its previously announced acquisition of the motors, drives and electric power generation businesses of Ferguson-based Emerson Electric Co. (NYSE: EMR), except for units in certain jurisdictions.

The $1.2 billion deal was announced in August. Japan’s Nidec Corp. said it completed the purchase of Emerson subsidiaries Leroy-Somer Holding of France, Control Techniques Ltd. of the United Kingdom, Emerson Industrial Automation USA, U.S.-based Kato Engineering Inc. and Emerson Industrial Automation Electric Power Generation Private Limited…”

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