Nidec completes $1.2B acquisition of Emerson units

Nidec has completed its $1.2 billion purchase of Emerson Electric's motors, drives and power generation businesses, including Control Techniques and Leroy-Somer.

“Nidec just received the approval of the Competition Commission of India (CCI) – the highest Indian authority for monitoring competitive practices – for the acquisition of the motors, drives and electric power generation businesses of Emerson Electric.”intech-net.com

• 3 sources
• intech-net.comNidec/Emerson agreement - India gives the go-ahead | Intech NetworkIntechJan 20, 2017
• drivesncontrols.comNidec completes $1.2bn takeover of Emerson units - Drives&ControlsFeb 1, 2017
• ceelegalmatters.comKinstellar Advises Nidec on Acquisition of Emerson Electric Co. Motors | CEE Legal MattersDavid StuckeyFeb 6, 2017

Summarized from public sources; check the original articles before acting on it.