Nidec Corporation (TSE: 6594; OTC US: NJDCY) has reached a major regulatory milestone in its plan to acquire Makino Milling Machine Co., Ltd., a company listed on the Tokyo Stock Exchange Prime Market. The waiting period required under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired at 11:59 p.m. on January 21, 2025 (Eastern Standard Time), or 1:59 p.m. on January 22, 2025, in Japan. This step is crucial for Nidec’s goal to make Makino Milling Machine a fully owned subsidiary.
The completion of the US antitrust review fulfills one of the key conditions for the acquisition. Nidec had previously mentioned this requirement in a press release on December 27, 2024, when it announced the start of a tender offer. The company has committed to updating stakeholders as it secures additional regulatory approvals related to merger control and foreign investment rules in other countries.
Founded in 1973 by Chairman Shigenobu Nagamori, Nidec is headquartered in Kyoto, Japan. The company made history in 1979 by commercializing the first direct-drive spindle motor for hard disk drives (HDDs) using brushless DC motor technology. Since then, Nidec has grown into a global leader in motor manufacturing, producing a wide range of products, including motors, drives, and generators. These products are used in various industries, such as computers, smartphones, home appliances, automobiles, robotics, and manufacturing plants.
Today, Nidec operates more than 300 subsidiaries worldwide and employs over 100,000 people. With annual sales exceeding $18 billion, the company is a key player in motor technology and industrial solutions. The acquisition of Makino Milling Machine is part of Nidec’s strategy to strengthen its position as a leader in the motor and manufacturing solutions market.
