Nidec acquires shares of Italian machine tool manufacturer Pama

Nidec completed the acquisition of Italian machine tool manufacturer Pama and its affiliates. Pama, which manufactures machine tools, such as boring and milling machines and machining centers, will become a wholly owned subsidiary of Nidec. 

The new subsidiary, will be called Pama., headquartered in Rovereto, Trentino-Alto Adige, Italy. Tatsuya Nishimoto will serve as director and chairperson, Alessandro Batisti as director and general manager, and Takeshi Motohashi as director. Pama, with a product portfolio and technological capabilities in the fields of five-face milling machines, boring and milling machines and large machine tools. It serves markets, including major press machines, construction equipment, heavy machines for energy, earthmoving machines, shipbuilding and aerospace aircraft manufacturers. 

Nidec Group companies, Nidec Machine Tool and Nidec OKK, manufacture gear-cutting machines, large machine tools and machining centers. The group wants to develop multitasking and five-axis machining technology as well as expand its lineup of boring and milling machines in the large machine tools space, which creates synergy with Pama. Also, both companies’ main sales area has focused in Japan, and they hope to expand to European, American and Chinese markets.

Between these three organizations and other Nidec Group companies, it hopes to generate sales of more than $2 billion for its machine tool business in the fiscal year of 2025 and $3.8 billion in the fiscal year of 2030, compared to current annual sales of Nidec Machine Tool, Nidec OKK and Pama at approximately $650 million. 

Nidec says it remains committed to investing in the industry of machine tools and contributing to the development of Japan’s machinery sector.