ST. LOUIS, Mo. (Feb. 17, 2017)—On Jan. 31, Nidec Corporation completed the acquisition of Leroy-Somer and Control Techniques, Emerson Electric’s motors, drives and electric power generation businesses, according to a statement from Nidec.
The acquisitions broaden Nidec’s motor offering and product lineup, including variable speed drives and a complete range of generators, and expand its global presence, according to the statement.
These businesses, which employ approximately 9,500 people in 42 countries, will be part of Nidec’s Appliance, Commercial and Industrial Motor (ACIM) business unit. In the U.S., the new acquisitions include units that operated as Emerson Industrial Automation USA and Kato Engineering Inc.
Through this acquisition, Nidec said it is strengthening its ability to serve power generation, pumping, air moving, automation equipment and other applications with an expanded line of IEC motors, variable speed drives and integrated motor and drive packages.
“Nidec has been developing a new growth platform with a focus in the appliance, commercial and industrial motor and generator market space with a strong variable frequency drives (VFD) and gearing product offerings,” Nidec Motor Corporation CEO Kei Pang said.
“This transaction provides a significant expansion in our ability to support more end user applications with more products and technical expertise,” Pang said. “There are deep synergies between Leroy-Somer, Control Techniques and other Nidec companies. Together, we will become one of the largest commercial and industrial motor, drive and generator companies in the world with approximately $4 billion annual sales. This acquisition will enhance our capabilities and provide a greater geographic presence to service our global customer base.”