Nidec, the renowned Japanese motor maker, has announced its ambitious plan to expand its footprint in the machine tool making sector. Last month, the company unveiled a takeover bid for Makino, a prominent Tokyo-based machine tool manufacturer. This move marks a significant step for Nidec, a newcomer to this sector, as it aims to compete against industry giants, particularly those from China. The announcement was made at a news conference in Tokyo, with Tatsuya Nishimoto, Nidec's head of the machine tool business, leading the discussion.
With this contentious takeover bid, Nidec seeks to establish itself as a global leader in the machine tool industry. This strategic move aligns with their broader vision of becoming a formidable competitor on the international stage. By acquiring Makino, Nidec aims to leverage its expertise and resources to strengthen its position in the market. The company is keen on expanding its portfolio in the machine tool sector and is considering additional acquisitions to achieve this goal.
Tatsuya Nishimoto highlighted that there are several other candidates for acquisition in the machine tool sector. This signals Nidec's aggressive strategy to bolster its market presence and technological capabilities. The company believes that by integrating more expertise and technology from established players like Makino, it can accelerate its growth and innovation in this competitive industry.
Nidec's entry into the machine tool sector is driven by its desire to compete against Chinese companies that have dominated the market. By acquiring key players and expanding its capabilities, Nidec aims to challenge the status quo and establish itself as a leader in this field. The acquisition of Makino is a crucial step in this direction, underscoring Nidec's commitment to achieving its long-term objectives.
Leave a Reply