Japan's Nidec seeks takeover of machine tool maker Makino

$1.6bn unsolicited offer aims to create one of world's top suppliers

Nidec is set to offer a takeover bid for Makino Milling Machine. (Source photos by Kosaku Mimura)

Nikkei staff writers

December 27, 2024 08:58 JST

Updated on December 27, 2024 10:33 JST

KYOTO/TOKYO -- Japanese motor manufacturer Nidec announced on Friday an unsolicited bid for Makino Milling Machine, a Tokyo-listed machine tool manufacturer that would mark its latest acquisition in the industry.

Nidec will offer 11,000 yen per share with a 41.94% premium over the Thursday closing price of 7,750 yen. If Nidec buys all of Makino's shares, the total cost will exceed 250 billion yen ($1.6 billion).