Expansion of machine tool products, technologies and overseas sales network through the acquisition of PAMA
First written in FY2023-Q3. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024-Q2.
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- FY2024-Q2AdvancedAnnual report
「Regarding the acquisition consideration for PAMA S.p.A., which was acquired in the previous consolidated fiscal year, the price adjustment relating to the acquisition consideration for the business combination was completed during the first quarter of the current consolidated fiscal year. Accordingly, the consolidated financial statements for the previous consolidated fiscal year reflect the amounts after this accounting treatment was applied.」
The price adjustment relating to the consideration for the PAMA acquisition was completed in the first quarter, and the finalized accounting treatment was reflected in the previous year's consolidated financial statements. - FY2023AdvancedAnnual report
「On 1 February 2023, NIDEC acquired 100% of the shares of Italy's PAMA S.p.A. from its shareholders for ¥9.187 billion, comprising ¥7.876 billion paid in cash and ¥1.311 billion unpaid.」
The Company completed the acquisition of all shares of PAMA and moved product complementarity with existing machine tool companies, cross-selling, technology development and global production optimization into the implementation phase. - FY2023-Q3First statedAnnual report
「On 1 February 2023, the Group completed the acquisition of all shares of PAMA S.p.A. and its affiliates, collectively referred to below as PAMA. Through this transaction, the Group will pursue synergies across sales, development and manufacturing, including (1) expanding sales in Asian, European and U.S. markets through a broad product lineup and cross-selling; (2) developing new products and components by combining the respective strengths of PAMA, Nidec Machine Tool and Nidec OKK in product development; and (3) improving lead times and costs through global production optimization in Europe, the United States and Asia.」
The Company entered into an acquisition agreement in November 2022 and completed the acquisition of PAMA after the filing date, on 1 February 2023. It aims to achieve product complementarity, technology development, cross-selling and global production optimization with Nidec Machine Tool and Nidec OKK.