Nidec Corporation Completes Acquisition of Leroy-Somer and Control Techniques
St. Louis, MO (Feb. 20, 2017) – On January 31, Nidec Corporation completed the acquisition of Leroy-Somer and Control Techniques, Emerson Electric’s motors, drives and electric power generation businesses. The acquisitions broaden Nidec’s motor offering and product lineup including variable speed drives, a complete range of generators and expand its global presence.
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 United States, the new acquisitions include units that operated as Emerson Industrial Automation USA and Kato Engineering, Inc.
Through this acquisition, Nidec 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,” said Nidec Motor Corporation CEO Kei Pang. “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. Together, we will become one of the largest commercial & industrial motor, drive and generator companies in the world with approximately $4B annual sales. This acquisition will enhance our capabilities and provide a greater geographic presence to service our global customer base.”
About Nidec Motor Corporation
NMC is a leading manufacturer of commercial, industrial, and appliance motors and controls. The NMC product line features a full line of high efficiency motors, large and small, which serve industrial, residential, and commercial markets in applications ranging from agriculture, water treatment, mining, oil and gas, and power generation to pool and spa motors, air conditioning condensers, rooftop cooling towers, and commercial refrigeration. It also makes motors, controls, and switches for automotive and commercial markets. For more information, visit http://www.nidec-motor.com/
Parent company Nidec Corporation (with $11.2B Sales in FY2015) is a leading manufacturer of small precision motors, including motors used in hard and optical disk drives. The company has extended its focus beyond the information storage motor market to the home appliance and automotive markets, where it sees high future growth potential.