Nidec to Acquire Emerson Electric's Motors & Controls Business

  • August 17, 2010
  • News
August 18, 2010 - Nidec will acquire the Motors & Controls business of Emerson Electric and entered into an asset and stock purchase agreement with Emerson.EMC has a number of development, production and sales centers mainly in the United States and in other areas, including Mexico, People's Republic of China and the United Kingdom. EMC's strong U.S. foothold, combined with our existing operations centering in Asia and Europe, will enable the Nidec Group to operate in all the world's key geographical locations and better address the need of rapidly globalizing customers.In January 2010, Nidec acquired Sole Motors (currently, Nidec Sole Motor Corporation S.R.L.) and have strived to strengthen their home appliance motor business in Europe. Through the acquisition of EMC, which has a strong presence in the home appliance motor business in North America, they intend to scale up their home appliance motor business with a renewed focus on research and development, manufacturing and sales activities.Nidec believes that EMC's large industrial motors, medium-size central air conditioning motors, related motion control technologies and the developing main motors for electric vehicle and hybrid electric vehicle, will not only expand their current product portfolio, but also contribute to further stabilizing volatility in our profitability. They seek to accelerate operational growth by effectively blending Nidec's industry-leading brushless motor technologies with EMC's time-proven brand strength and excellent customer base. Learn More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..

Subscribe