The European Commission announced it would investigate planned job losses at a divested compressor plant in Fürstenfeld, Austria, after Nidec acquired Whirlpool's Embraco compressor business under conditional merger approval. The job cuts were announced in October 2019 and reportedly affect around 250 employees.
The European Commission approved Nidec's proposed acquisition of Whirlpool's Embraco refrigeration compressor business, conditional on Nidec's divestment and investment commitments. The purchase price was $1.08 billion, agreed on 24 April 2018.
Turkey's Competition Board placed Nidec Corporation's acquisition of sole control of Whirlpool's compressor unit Embraco under final examination, a decision dated 20 December 2018 and announced 16 January 2019. The deal is suspended until a final decision.
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.