Nidec commences tender offer for Makino Milling Machine

Nidec Corporation (TSE:6594) announced the commencement of its tender offer to acquire Makino Milling Machine Co., Ltd. (TSE:6135) on April 4, 2025, aiming to make Makino a wholly-owned subsidiary. This strategic move is part of Nidec's broader initiative to strengthen its position in the machine tool sector, with a goal to become a world-leading comprehensive machine tool manufacturer. The tender offer price is set at JPY 11,000 per share. All procedures under the French Monetary and Financial Code relating to foreign investment restrictions were completed on April 2, 2025. The tender offer period is scheduled to run from April 4, 2025, to May 21, 2025. This acquisition also contributes to the advancement and innovation within the machine tool industry, benefiting both companies' stakeholders and the wider Japanese economy. Nidec intends to fully comply with the procedural expectations for tender offers outlined in the Guidelines for Corporate Takeovers.