# Nidec completes acquisition of Mitsubishi Heavy Industries Machine Tool

Nidec Corporation completed the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and its overseas subsidiaries from Mitsubishi Heavy Industries. The acquired companies will be renamed, including Nidec Machine Tool Corporation.

- Type: Acquisition
- Announced: 2021-08-01
- Where: Ritto, Japan; Changshu, China; Ranipet, India; Harrison, USA, Japan
- Value: $270.0M (30.0B JPY)
- Status: completed
- 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)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/08/02/2273280/5521/en/nidec-completes-the-acquisitions-of-stock-etc-of-mitsubishi-heavy-industries-machine-tool-co-ltd-and-announces-an-outline-of-its-new-subsidiaries.html), 2021-08-02: "Nidec Corporation announced today that it has completed yesterday the acquisitions of the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd."
- [zh.cn.nikkei.com](https://zh.cn.nikkei.com/industry/manufacturing/45610-2021-08-03-15-07-45.html), 2021-08-03: "日本電産 8月 3日發佈消息稱，完成了對三菱重工業的從事齒輪生産設備業務的子公司三菱重工工作機械和海外子公司的交易。"
- [mhi.com](https://www.mhi.com/notice/notice_210803.html), 2021-08-03: "Mitsubishi Heavy Industries, Ltd., announced that the transfer procedures have been completed except for some overseas subsidiaries as of August 2, concerning the press release made on February 5, the Company had agreed to transfer all of its machine tool business to Nidec Corporation."
- [gearsolutions.com](https://gearsolutions.com/news/nidec-acquires-mitsubishi-heavy-industries-machine-tool-co-ltd/), 2021-08-09: "Nidec Corporation has acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd., from Mitsubishi Heavy Industries, Ltd."
- [automation-news.jp](https://www.automation-news.jp/2021/08/57953/), 2021-08-10: "本取引により、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。"
- [geartoutiao.com](https://www.geartoutiao.com/news/1416), 2021-09-27: "收购三菱重工机床，8月已完成"

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