Nidec completes acquisition of Leroy-Somer and Control Techniques
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 and a complete range of generators.
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 says 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,” said Nidec Motor Corporation CEO Kei Pang. “This transaction provides a significant expansion in our ability to support more enduser 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 and 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.”