DAVIDSON, N.C. (Feb. 20, 2017)—Ingersoll Rand was recognized for the fifth consecutive year as one of Fortune Magazine's World’s Most Admired Companies. Ingersoll Rand ranked second in its category of Industrial Machinery.

“We are honored that Fortune has once again named Ingersoll Rand as one of the World’s Most Admired Companies,” Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand, said in a statement.

ST. LOUIS, Mo. (Feb. 17, 2017)—On Jan. 31, Nidec Corporation completed the acquisition of Leroy-Somer and Control Techniques, Emerson Electric’s motors, drives and electric power generation businesses, according to a statement from Nidec.

The acquisitions broaden Nidec’s motor offering and product lineup, including variable speed drives and a complete range of generators, and expand its global presence, according to the statement.