Press release -
Nidec Corporation Completed Procedure Required under Italian Legislative Decree No. 21/2012 regarding Tender Offer Bid for Makino Milling Machine Co., Ltd. (Securities Code: 6135)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) hereby announces that, on February 27, 2025 (Italy time), the Company has obtained from the Italian Prime Minister's Office an unconditional approval under Italian Legislative Decree No. 21/2012 (Foreign Investment Regulations) – one of the permits and approvals for this case required for a series of transactions for the purpose of making Makino Milling Machine Co., Ltd. (listed on Tokyo Stock Exchange, Inc.’s Prime Market) a wholly owned subsidiary of Nidec, meaning that the procedure has been completed as so explained in advance in the Company’s press release, “Notice Regarding Scheduled Commencement of Tender Offer for Makino Milling Machine Co., Ltd. (Securities Code: 6135),” issued on December 27, 2024. We will promptly announce the completion of the other procedures required under applicable laws and regulations regarding merger control and foreign investment restriction for other jurisdictions once such procedures have been completed.
(Reference) The expected completion dates (tentative) are as follows:
| Jurisdiction | Relevant Laws and Regulations | Estimated Completion Date (tentative) |
|---|---|---|
| Japan | Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Competition Law) | Mid-February 2025 (Completed) |
| United States of America | Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Competition Law) | January 22, 2025 (Completed) |
| China | Antitrust Law of the People's Republic of China (Competition Law) | Early April 2025 |
| EU | Council Regulation No. 139/2004 of the European Union (Competition Law) | Early April 2025 |
| Turkey | Turkish Competition Law (Competition Law) | Early April 2025 |
| United States of America | Committee on Foreign Investment in the United States (CFIUS) regulations (Foreign Investment Regulations) | Early April 2025* |
| Germany | Order for Enforcement of the German Foreign Economic Law (Foreign Investment Regulations) | Early April 2025 |
| France | French Monetary and Financial Code (Foreign Investment Regulations) | Early April 2025 |
| Italy | Italian Legislative Decree No. 21/2012 (Golden Power Law) (Foreign Investment Regulations) | Early April 2025 (Completed) |
| Slovakia | Slovakia Foreign Trade Control Act (Foreign Investment Regulations) | Early April 2025 |
| Spain | Spanish Foreign Investment Law (Foreign Investment Regulations) | Early April 2025 |
| Czech Republic | Czech Republic Foreign Investment Screening Act (Foreign Investment Regulations) | Early April 2025 |
Topics
Categories
Nidec is the world's leading comprehensive motor manufacturer, specializing in "everything that spins and moves," with a strong focus on the motor business. Nidec's extensive product lineup, which ranges from small precision motors to ultra-large motors, leverages the technological capabilities of its approximately 340 group companies across 46 countries. These products are used in various fields, including IT equipment, automobiles, motorcycles, commerce, and industry. We remain dedicated to providing the world with indispensable products and solutions at an overwhelming speed, utilizing technologies aimed at lightness, thinness, shortness, compactness, and efficiency.
