EU Commission opens in-depth probe into Nidec's $1.08bn Embraco acquisition

The European Commission opened an in-depth merger investigation into Nidec's proposed acquisition of compressor maker Embraco from Whirlpool, citing concerns about competition in refrigeration compressors. The Commission has until 15 April 2019 to decide.

“The Commission is concerned the takeover announced by Japanese manufacturer Nidec in April may reduce competition in the supply of refrigeration compressors.”coolingpost.com

• 1 source
• coolingpost.comEC investigates Embraco acquisition - Cooling PostNov 29, 2018

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