Davis Polk is advising Emerson Electric Co. on antitrust and competition, CFIUS and executive compensation matters relating to the $1.2 billion sale of its Leroy-Somer and Control Techniques business units to Nidec Corporation. The transaction is expected to close by December 31, 2016, subject to regulatory approvals.

Emerson, based in St. Louis, Missouri, is a global leader in bringing technology and engineering together for customers in industrial, commercial and consumer markets. 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 around the world. Nidec is a comprehensive motor manufacturer, handling everything that spins and moves, miniature to gigantic.

The Davis Polk antitrust and competition and CFIUS team includes partners Ronan P. Harty and John B. Reynolds III, counsel Mary K. Marks and associates Rebecca Tracy Rotem, Jesse Kramer and Amanda Bradley. Partner Jeffrey P. Crandall, counsel Ron M. Aizen and associate Florentino Salazar are providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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