Nidec to acquire Embraco compressor business from Whirlpool for $1.08 billion

Nidec Corporation's board approved acquiring the Embraco refrigeration-compressor business of Whirlpool Corporation via a stock purchase agreement for US$1.08 billion, all cash.

“Nidec Corporation announced that its Board of Directors has approved a resolution to acquire the compressor business (“Embraco”) of Whirlpool Corporation.”

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