Nidec Acquires Emerson Electric

EDEN PRAIRIE, MN | According to Emerson Electric Company (Control Techniques) Nidec Corporation has completed the pre-announced acquisition of the motors, drives, and electric power generation businesses of Emerson, except for acquisitions in certain jurisdictions.

Nidec manufactures electric motors and related components, including small precision motors, motors for automotive, commercial, and industrial applications, and medium voltage motors and generators. It employs around 140,000 people worldwide and has operations in more than 40 countries. It has been actively developing a new growth platform with particular focus on appliance, industrial, and commercial business.

Shigenobu Nagamori, founder and CEO of Nidec, says, “We are pleased to welcome Control Techniques and [subsidiary] Leroy-Somer into the Nidec family. We have strong ambitions for both companies to grow, and Nidec is committed to providing the necessary support and investment to make that happen. Industries which require the use of electric motors, and therefore drives, will form the backbone of the world’s economy in the future. Look at the expansion in the use of robots, electric vehicles, and drones. All these items need motors, and all those motors need drives. There are clear opportunities for Control Techniques, Leroy-Somer, and ultimately Nidec to prosper here. Our policy is to put the systems in place which will encourage growth. We will hire and train high-caliber people, and encourage those already working for the businesses to enhance their abilities. We will put great emphasis on research and development.”

Scott Anderson, president of Control Techniques, says, “We believe this is a tremendous opportunity for us to join, work with, and contribute to an industry-leading brand which believes in our products and will enable us to grow as businesses.”

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