Power General Corp. is a Taiwanese company established in 2005 and operates in the “green” energy market, supplying renewable energy products including on-grid and off-grid inverters for wind and photovoltaic systems. Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the pre-announced acquisition of the motors, drives and electric power generation businesses (the “Acquired Business”) of Emerson Electric Co. (“Emerson”) (the“Transaction”) on February 1, 2017, Japan time, except for acquisitions in certain jurisdictions. As a result of the Transaction, the Acquired Business, consisting of the companies listed below, became Nidec’s subsidiaries. The remaining acquisitions, including Leroy Somer Electro-Technique (Fuzhou) Co., Ltd., are scheduled to be completed by September 30, 2017.
