This story was originally published in St. Louis Business Journal on February 1, 2017.
By Diana Barr| 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…”Read More