Emerson sells Leroy-Somer and Control Techniques drives businesses to Nidec for $1.2bn

Emerson agreed to sell its French drives and motors business Leroy-Somer and UK-based drives company Control Techniques to Nidec Corporation for $1.2bn, as part of its strategic portfolio repositioning.

“Earlier on Tuesday, Emerson had agreed the $1.2bn sale of its Leroy-Somer and Control Techniques business units to Nidec Corporation.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.