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Nidec wins partial waiver from commitments offered for EU's Embraco deal approval

( May 15, 2020, 11:10 GMT | Official Statement) -- MLex Summary: Nidec has received a partial waiver from the commitments it offered to win EU approval for its acquisition of rival Embraco last year. The Japanese electric motor maker won approval from the European Commission for the deal following an in-depth probe after it agreed to divest plants in Austria, Slovakia and China. But the commission said today that it had waived a clause preventing Nidec from re-acquiring a fixed-speed household compressor manufacturing line, after an investigation showed that market conditions had changed....

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