Japan's Nidec, the world's largest disk-drive motor maker, said on August 18 that it will buy the motor and appliance-controls business of U.S. technology giant Emerson.
The companies did not disclose financial details of the deal, which the Nikkei newspaper said was worth 60-70 billion yen (US$700-820 million.)
The move should expand Nidec's product range to large industrial motors as well as medium-size ones for appliances, according to separate statements from the firms.
The transaction will be completed by the end of September, said Nidec, the world's leading manufacturer of small precision motors used in computers.
Emerson said that Nidec will keep the existing facilities and current management and some 6,000 employees of the unit.
Kyoto-based Nidec has been expanding its global operations by buying foreign companies.
Copyright Agence France-Presse, 2010
