Nidec to Acquire Emerson Electric Co. Motors & Controls Business
Green Car Congress
AUGUST 19, 2010
Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. EMC) to acquire EMC’s Motors & Controls business in an all cash deal. Terms of the arrangement were not disclosed. Earlier post.) billion) by the fiscal year 2015.
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