Nidec completes Spanish foreign investment law procedures for Makino

Nidec Corporation (TSE:6594) has successfully completed the necessary procedures under the Spanish Foreign Investment Law regarding its public tender offer to make Makino Milling Machine Co., Ltd. (TSE:6135) a wholly-owned subsidiary. The company received confirmation from the Spanish Ministry of Economy, Trade and Business that approval was not required under the foreign investment law on March 17, 2025. Nidec anticipates completing competition law and foreign investment regulation procedures in other relevant regions and will promptly disclose further updates. The company expects to complete procedures in the United States, China, and the EU by early April 2025.