# Nidec acquires Mitsubishi Heavy Industries Machine Tool

Japanese motors and drives manufacturer Nidec has acquired Mitsubishi Heavy Industries Machine Tool, a machine tool and cutting tools company, for an undisclosed sum. The business is renamed Nidec Machine Tool Corporation.

- Type: Acquisition
- Announced: 2021-10-21
- Where: Japan
- Value: $48.0M (5.48B JPY)
- Status: completed
- Products: machine tools, cutting tools, gear cutting and grinding machines, double-column machining centres
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (acquirer)
- [Mitsubishi Heavy Industries Machine Tool](https://endata.com/companies/18068.md) (target)
- [OKK Corporation](https://endata.com/companies/59091.md) (target)

## Sources

- [drivesncontrols.com](https://drivesncontrols.com/nidec-buys-mitsubishi-machine-tool-business-and-expertise/), 2021-10-21: "Nidec has acquired the Mitsubishi Heavy Industries Machine Tool company."
- [metalworkingnews.info](https://metalworkingnews.info/nidec-buys-mitsubishi-machine-tool-business-and-expertise/), 2021-11-05: "Nidec has acquired the Mitsubishi Heavy Industries Machine Tool company, which designs and manufactures machine tools, cutting tools and related products."
- [mynewsdesk.com](https://www.mynewsdesk.com/us/nidec/pressreleases/nidec-to-execute-a-capital-alliance-agreement-to-purchase-stake-in-okk-corporation-via-third-party-share-allocation-3145117), 2021-11-18: "Nidec Corporation announced today that its Board of Directors has approved, among others, a resolution to purchase the shares of OKK Corporation through a third-party allocation of common shares."

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