ST. LOUIS, Missouri, USA, 2016-8-2 - Emerson (NYSE: EMR) today announced that it has agreed to sell its Leroy-Somer (Leroy Somer) and Control Techniques business units to Nidec Corporation (Nidec Corporation). The transaction is valued at $12 billion and is expected to close by 2016-12-31, subject to regulatory approvals. The proceeds will strengthen Emerson's balance sheet and enhance its strategic investment capabilities.

   "Following the integration into Nidec, the management teams and product leadership of Leroy-Somer and Control Techniques will lay a solid foundation for continued future success," stated Emerson Chairman and CEO David N. Farr, "This announcement represents another major step forward in our strategic business restructuring and adjustments amid a challenging global macroeconomic environment. Upon completion of the transaction, Emerson will be better positioned to continuously drive growth and value creation, while Nidec will seize this favorable opportunity to strengthen its position in global electric motors and expand into the drive and power generation business sectors. We thank all employees of Leroy-Somer and Control Techniques for their solid and valuable contributions over the past decades. We will work closely with Nidec to ensure a smooth transition for customers and employees."

   " Leroy-Somer, headquartered in France, was acquired by Emerson in 1990. Control Techniques, headquartered in the UK, has been a business unit of Emerson since 1995. For more than 30 years, Leroy-Somer and Control Techniques have been leading manufacturers and suppliers of alternators, drives, and motors, with approximately 9,500 employees worldwide. In fiscal year 2015, the combined revenue of these two businesses was approximately $17 billion. For more information about this transaction, please refer to our Form 8-K filed on 2016-8-2. J.P. Morgan Securities LLC (J.P Morgan Securities LLC) and Centerview Partners LLC (Centerview Partners LLC) served as financial advisors to Emerson, and Davis Polk & Wardwell (Davis Polk & Wardwell) served as legal counsel to Emerson.

About Emerson

   Emerson (NYSE: EMR), headquartered in St. Louis, Missouri, USA, is a global leader that combines technology and engineering to provide innovative solutions for customers in industrial, commercial, and consumer markets worldwide. The company's five major businesses are Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal year 2015 reached $223 billion. For more information, please visit:www.Emerson.com.cn。

  About Nidec (Nidec)

Nidec Corporation (Nidec Corporation) has nearly 230 group companies worldwide and is a leading comprehensive manufacturer of electric motors, producing various small and large motor products and providing professional services for all "rotating and moving bodies." To achieve greater growth, Nidec continuously enhances the technological strength and market competitiveness of its group companies while actively pursuing mergers and acquisitions of companies with advanced technologies in the motor industry. The company adheres to the spirit of "Monozukuri." The three spirits of "Passion, Enthusiasm, and Persistence," "Intelligent Struggle," and "Do it now! Do it! Do it until successful!" help us realize "Monozukuri," which is both our character and our advantage.

Forward-Looking and Cautionary Statements Statements in this press release that are not historical facts may be considered forward-looking statements, involving risks and uncertainties. Emerson has no obligation to update these statements to reflect future developments. These factors include our ability to complete the potential transaction described in this press release, economic and monetary conditions, market demand, product pricing, intellectual property protection, competition, and technological factors, as well as other risks and uncertainties described in our recent Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission.