We are advising Nidec on the transaction

Davis Polk is advising Nidec Corporation in connection with its approximately ¥257 billion ($1.6 billion) unsolicited tender offer to acquire Makino Milling Machine Co., Ltd. The tender offer is subject to review by Makino and is scheduled to commence on April 4, 2025, subject to customary closing conditions.

Founded in 1973 and headquartered in Kyoto, Japan, Nidec develops, manufactures and sells motors, electronics and optical components and other related products in Japan and internationally.

Founded in 1937 and headquartered in Tokyo, Makino is a global leader in computer numerical control machining center design and digital innovation. The company develops cutting-edge machining solutions that deliver premium performance, producing some of the world’s most accurate and high-quality metal-cutting and electrical discharge machines.

The Davis Polk corporate team includes partner Ken Lebrun and associate Paul Lee. Partner Ronan P. Harty and counsel Mary K. Marks and Gregory S. Morrison are providing antitrust and competition advice. Partner Paul D. Marquardt and associates Kendall Howell and Patrick Q. Sullivan are providing CFIUS advice. Members of the Davis Polk team are based in the Tokyo, New York and Washington DC offices. 

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