PB&W is pleased to announce that KB Electronics, Inc. (“KB” or the “Company”), a leading designer and manufacturer of AC and DC electric motor drives and controls, has been acquired by Nidec Corporation (“Nidec”, NYSE: NJ). PB&W served as exclusive financial adviser to KB.
Founded in 1968, KB offers a full line of drives and controls for AC and DC motors primarily used for industrial automation, heating, ventilating, and air conditioning (HVAC), pumps and material handling systems. The Company manufactures more than 200 types of standard off the-shelf controls for a variety of industrial and commercial applications and also offers a wide range of drive customization solutions.
