Nidec clears Czech hurdle in Makino Milling takeover

Nidec Corporation (TSE: 6594) announced today it has completed procedures under the Czech Republic's foreign investment screening law regarding its tender offer for Makino Milling Machine Co., Ltd. (TSE: 6135). The approval, granted by the Czech Ministry of Industry and Trade on March 18, 2025 (Czech time), removes a significant regulatory obstacle to the planned acquisition, which aims to make Makino Milling Machine a wholly-owned subsidiary of Nidec. The company stated that it will promptly disclose updates regarding the completion of other necessary competition law and foreign investment regulations in relevant jurisdictions. The anticipated completion dates for these remaining regulatory approvals are detailed in the announcement, with several already secured in February 2025.