Nidec Completes the Acquisition of the Shares of Italian Machine Tool Manufacturer PAMA and its Affiliates
Nidec Corporation recently announced that, in accordance with its November 30, 2022 press release, “Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates,” it has completed the acquisition of all the shares of PAMA S.p.A (“PAMA”) on February 1, 2023. Accordingly, PAMA will become a wholly owned subsidiary of the Company as outlined below together with Nidec’s business strategy going forward.