Japanese electric motor company Nidec has completed the acquisition of Brazilian compressor manufacturer Embraco from Whirlpool Corporation.
Nidec entered into a stock purchase agreement with Whirlpool in April last year and completed the transaction after receiving the approval of relevant antitrust authorities.
Nidec recently announced it was to sell the Secop compressor business it bought in 2017 to ESSVP as a condition for the European Commission's approval of the Embraco deal, which Nidec believes will allow further expansion into the global refrigeration compressor market.
Embraco and its subsidiaries in Brazil, Mexico, the US, Russia, Slovakia and Italy, are now part of Nidec Global Appliance.
Sauermann Group has announced the acquisition of E Instruments International in the US.
Sauermann, which specialises in condensate removal pumps and test and measurement equipment for measuring indoor air quality, says the deal will boost the group's R&D, manufacturing, service and warehouse capabilities in the US.