(Bloomberg) -- Nidec Corp. is offering ¥257.3 billion ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.

"There are several other candidates for acquisitions" in the machine tool sector, said Tatsuya Nishimoto, Nidec's head of the ...

Nidec said Thursday that Makino's advantage in the chip-production, aerospace and medical fields will augment the company's strength in industrial machine and other areas. Acquiring Makino will ...

NCMT launches a five-year extended service warranty for Makino and Okuma CNC machines in the UK and Ireland, ensuring optimal ...

Compact size, light weight, easy to operate and can be used in fluid tanks of various machine tools. Automatic control ... 12,000rpm BT40 Fa.... Overview Makino s a500Z is a 5-axis horizontal ...

of the Tender Offer, etc.” in the full version of this press release, we understand the strength of the Target Company as a major machine tool manufacturer and believe that through the ...

Nidec is looking to expand its business of producing machine tools used for cutting or shaping metals or other materials. The company in December said it planned to acquire Makino Milling Machine ...