Takisawa Machine Tool

Nidec Corporation announced that Takisawa Machine Tool Co., Ltd. has become a wholly owned subsidiary of Nidec following a share consolidation effective February 2, 2024.

Nidec announced on November 14, 2023 that its tender offer for TAKISAWA shares had succeeded, with 86.14% of shares tendered. Nidec will proceed to make TAKISAWA a wholly owned subsidiary.

Japanese motor maker Nidec and Takisawa Machine Tool have reached an agreement for Nidec to acquire Takisawa. Nidec will launch a tender offer on September 14, 2023 at 2,600 yen per share.

Nidec announced a tender offer to acquire TAKISAWA, a listed machine tool manufacturer, for up to approximately 16.6 billion yen, aiming for full ownership to expand its machine tool business.

Takisawa Machine Tool completed and began operations at its fifth plant in Okayama, Japan, on October 2, 2017. The facility, built with an investment of approximately 800 million yen, will assemble NC lathes and unit parts, increasing monthly production by about 10 units.