# Nidec acquires Mitsubishi Heavy Industries Machine Tool

Nidec acquired Mitsubishi Heavy Industries Machine Tool, now renamed Nidec Machine Tool Corporation. The acquired business develops and manufactures machine tools, cutting tools, and related products, with about 1,400 employees and annual sales of 23.1 billion yen ($203 million) as of March 2021.

- Type: Acquisition
- Announced: 2021-12-06
- Where: Japan
- Value: $47.5M (5.40B JPY)
- Jobs: 1,400
- Status: completed
- Products: gear cutting and grinding machines, double-column machining centers, laser and semiconductor production equipment
- 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

- [rosingmash.ru](https://rosingmash.ru/nidec-pokupaet-biznes-i-opyt-v-oblasti-stankostroeniya-mitsubishi/), 2021-12-06: "Японский производитель двигателей и приводов Nidec приобрел компанию Mitsubishi Heavy Industries Machine Tool company, которая разрабатывает и производит станки, режущие инструменты и сопутствующие товары."
- [gkong.com](https://www.gkong.com/news/106043.html), 2021-12-14: "日本电产将投入54亿日元，出资比例达到约67%，到2022年1月，OKK将正式成为电产子公司。"

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