# Nidec to acquire Mitsubishi Heavy Industries Machine Tool

Nidec Corporation has approved the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and related overseas subsidiaries from Mitsubishi Heavy Industries. The deal includes machine tool design, manufacturing, and sales operations.

- Type: Acquisition
- Announced: 2021-02-01
- Where: Ritto, Shiga, Japan
- Value: $284.0M (30.0B JPY)
- Status: announced
- Products: machine tools, cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (partner)
- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (target)
- [Nidec](https://endata.com/companies/1321.md) (acquirer)
- [Mitsubishi Heavy Industries Machine Tool](https://endata.com/companies/18068.md) (target)
- [MHI Machine Tool](https://endata.com/companies/53414.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/nidec-to-acquire-mitsubishi-heavy-industries-machine-tool-co.-ltd.-2021-02-04), 2021-02-04: "Nidec Corporation announced today that its Board of Directors has approved a resolution to acquire the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd."
- [nidec.com](https://www.nidec.com/jp/corporate/news/2021/news0205-01/), 2021-02-05: "本株式取得により、当社グループに工作機械事業を迎えることで当社グループの既存事業との相互補完が強化されます。"
- [reuters.com](https://www.reuters.com/article/nidec-mhi-idUSASA01P17/), 2021-02-05: "Japan's Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles."
- [news.cnyes.com](https://news.cnyes.com/news/id/4566048), 2021-02-05: "日本電產表示「為了擴大 E-Axle 的銷售規模，必須強化齒輪業務，以獲取精通齒輪的人才與高度技術力」"
- [aandrijvenenbesturen.nl](https://www.aandrijvenenbesturen.nl/nidec-koopt-fabrikant-tandwielfrees-en-slijpmachines/), 2021-02-23: "Nidec zegt dat de overname onderdeel uitmaakt van het plan meer productiecapaciteit te 'insourcen' en dus ook die van tandwielen, nu de focus van het bedrijf vooral op de E-Axle ligt."
- [diascarneiro.com.br](https://www.diascarneiro.com.br/en/2450/nidec-corporations-acquisition-of-mitsubishi-heavy-industries-machine-tool/), 2021-03-05: "Nidec hopes to use the unit’s know-how to produce more gears in-house."
- [nidec-machinetoolamerica.com](https://www.nidec-machinetoolamerica.com/2021/03/21/mhi-to-sell-mhi-machine-tools-to-nidec-corporation/), 2021-03-21: "MHI to Sell MHI Machine Tools to Nidec Corporation"
- [seisanzai-japan.com](https://seisanzai-japan.com/article/p3071/), 2021-12-28: "Nidec announced that it has acquired Mitsubishi Heavy Industries Machine Tool in February 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.