Emerson, St. Louis, (EMR) has agreed to sell its Motors and Appliance Controls businesses to Nidec Corp., which will operate these businesses from a headquarters building on the Emerson campus that currently is home to the Motor Technology Center. Included in the sale are two Emerson Motor Company businesses – Emerson's Commercial and Industrial Motors (CIM) and Emerson Appliance Motors and Controls (EAMC). Combined, these businesses accounted for more than $800 million in sales in fiscal 2009.
Based in Japan, Nidec is the world's leading manufacturer of small precision motors, including motors used in hard disk drives and optical disk drives. The company is extending its focus beyond the information storage motor market to the home appliance and automotive markets, where it sees high future growth potential.