Nidec Agrees to Pay $1.2 Billion for Emerson Drives, PowerBy and
Deal follows 2010 purchase of Emerson’s motors, control ops
Buyer to pay cash, expects to close deal in third quarter
Nidec Corp. agreed to pay $1.2 billion for the motors, drives and electric power generation business of Emerson Electric Co., adding customers in Europe and North America. The purchase is the Japan-based precision motor-maker’s largest.
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