Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
February 9, 2021—
Nidec Corporation will acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Nidec has been actively engaged in manufacture, sales and services associated with reduction gearboxes and pressing machines through its subsidiary, Nidec-Shimpo Corporation. After completion of the acquisition, Mitsubishi Heavy Industries Machine Tool will become the Nidec-Shimpo’s third main business. Furthermore, the company expects to utilize Mitsubishi Heavy Industries Machine Tool’s technology for its future insourcing plan.
Nidec is expecting further demand increase for E-Axle, the electric vehicle traction unit that Nidec is most focused on at present. They aim to expand the sales of this product which combines a motor, an inverter and a reducer, it therefore imperative to strengthen manufacturing capabilities of gears, the core component of the traction unit.
Mitsubishi Heavy Industries Machine Tool started its business in 1936 for manufacturing of lathe in Hiroshima, Japan. Since then, Mitsubishi Heavy Industries Machine Tool has been a group company of Mitsubishi Heavy Industries and has grown its business, while supporting Japanese manufacturing for many years. Mitsubishi Heavy Industries Machine Tool, which designs, manufactures and sells machine tools, cutting tools and related products and provides after-sales services for the products, owns highly professional personnel in addition to its long-nurtured technologies. Mitsubishi Heavy Industries Machine Tool has products related to automotive transmissions and reducers businesses, such as a gear cutting machine and a gear grinding machine with high accuracy and efficiency. The company has top market share in Japan with this product. The company also has laser and semiconductor manufacturing equipment with unique cutting-edge technologies.
After this acquisition is completed, Nidec has a view of further expansion of machine tool business with Mitsubishi Heavy Industries Machine Tool, and believes that, with necessary investment, the business will be able to play a major global role.