Japanese maker of disk drive motors Nidec (NJ) says it has agreed to purchase the motor and...

|About: Nidec Corporation (NJ)|By:, SA News Editor

Japanese maker of disk drive motors Nidec (NJ) says it has agreed to purchase the motor and controls unit of Emerson Electric (EMR) as it attempts to expand its home appliance and automotive business in the U.S. The deal is thought to be worth ~$700M. (PR)