Nidec clears Italian hurdle in Makino Milling takeover

Nidec Corporation (TSE:6594) announced that it has secured the necessary approvals under Italian Law No. 21/2012, which regulates foreign investments, for its tender offer to acquire Makino Milling Machine Co., Ltd. (TSE:6135). This approval, granted by the Italian government on February 27, 2025, fulfills a critical regulatory condition for the completion of the acquisition, which aims to make Makino Milling Machine a wholly-owned subsidiary of Nidec. Nidec is still awaiting approvals related to competition laws and foreign investment regulations from several other jurisdictions, including the United States, China, the EU, and others. The company anticipates completing these remaining procedures swiftly and will disclose updates as they become available. Nidec expects to complete the relevant procedures in most regions by the beginning of April 2025.