ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Japan's Nidec to buy Italian toolmaker Pama for $100m

Electric motor leader aims to become a machine tool powerhouse

A Nidec machine tool used for making gears. Most of the company's sales in the segment are domestic. (Photo courtesy of Nidec)

KYOTO, Japan -- Japanese motor maker Nidec will acquire Pama, an Italian producer of machine tools, in a deal estimated to be worth 15 billion yen ($108 million), Nikkei has learned.

Nidec, the world's largest electric motor maker, sells hard disk drives for computers, motors for home appliances and traction motors for electric vehicles. The company now wants to develop the machine tools business as its biggest growth engine after EV drive systems.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more