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Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the pre-announced acquisition of the motors, drives and electric power generation businesses (the “Acquired Business”) of Emerson Electric Co. (“Emerson”) (the “Transaction”) on February 1, 2017, Japan time, except for acquisitions in certain jurisdictions. As a result of the Transaction, the Acquired Business, consisting of the companies listed below, became Nidec’s subsidiaries. The remaining acquisitions, including Leroy Somer Electro-Technique (Fuzhou) Co., Ltd., are scheduled to be completed by September 30, 2017.
1. Outline of the New Subsidiaries
1) Company Names
After several months of negotiations Danfoss Drives has signed a 10-year supplier agreement with Maersk Container Industry (MCI) to provide the drives for their next generation Star Cool Reefers.
After the successful start of the new online concept in 2016, solutions provider Eplan is taking the next logical step. In association with its affiliate Cideon, the specialists for efficient engineering are hosting the next Virtual Fair on 21 March. Customers and other interested parties will experience a trade-show feeling, up close and personal: software demonstra-tions will be happening live, as will the presentations. No time-consuming travel is necessary: just register, log in and take part in the talks online or chat with experts from around the world at the virtual engineering stand.
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