Nidec Acquisitions Expand Product Offerings, Global Presence
Pumping and Air Moving Applications to Gain Increased Support from Nidec
Nidec Corporation has acquired Leroy-Somer and Control Techniques, Emerson Electric’s motors, drives and electric power generation businesses. The purchases were effective Jan. 31, 2017. They broaden Nidec’s motor offering and product lineup, including variable speed drives and a complete range of generators. The move also expands Nidec’s global presence.
“This transaction provides a significant expansion in our ability to support more end user applications with more products and technical expertise. There are deep synergies between Leroy-Somer, Control Techniques and other Nidec companies,” says Nidec Motor Corporation CEO Kei Pang. “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.”