bet365 welcome bonus code Heavy Industries to Sell bet365 tipster Machine Tool to Nidec Corporation
Transaction to set up business for further growth opportunities,poker straight hair

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                            Tokyo, February 5, 2021 – bet365 welcome bonus code Heavy Industries, Ltd. (bet365 tipster or the Company) announced today that the Company has agreed to transfer all of its machine tool business to Nidec Corporation (Nidec).

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                            This transaction will include bet365 welcome bonus code Heavy Industries Machine Tool Co., Ltd., (bet365 tipster Machine Tool or MAT), which is a 100%-owned subsidiary of bet365 tipster, all shares of three overseas subsidiaries specializing in the machine tool industry held by bet365 tipster as well as the machine tool business operated by nine overseas bet365 tipster subsidiaries.

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                              Completion of the transaction is expected in May, 2021, pending all necessary regulatory approvals. The transaction is part of bet365 tipster’s ongoing portfolio realignment and focus on enhancing growth and profitability across its businesses. As announced in bet365 tipster’s 2021 Medium Term Business Plan the Company plans to increase its corporate value through the primary growth engines of technology solutions related to the Energy Transition and New Mobility & Logistics.

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                                    bet365 tipster's machine tool business has an 80 year history and has led technological innovation in the Japanese and global machine tool market. MAT focuses on three key product lines: machine tools, including gear machines, micro-milling machines (high-speed & high-precision vertical machining centres with spindle internal cooling suitable for die & mould) and large machines such as the world's largest gantry milling machine; laser products such as 3D printers and wafer bonding machines; as well as precision tools, including hob cutters and broaches etc.

                                        In particular, MAT’s gear processing technology has been developed specifically to meet the advanced technical needs of automobile manufacturers and Tier 1 suppliers, such as multistage and high-function transmission. The expected continued growth of electric vehicles (EVs) requires further improvements of the accuracy of gear parts as well as the performance of whole drive systems consisting of motors, inverters and reduction gears.

                                            • This transaction will enable MAT to further develop its business in such an evolving business environment and grow from a manufacturer of parts processing equipment to a total solutions provider for clients seeking modularization and systematization.

                                                As one of the world's largest motor manufacturers, Nidec regards its automotive business as one of its priority businesses. In addition to its expertise in traction motor systems for EVs, which integrate motors, inverters, and speed reducers, Nidec is also focusing on the equipment business, such as press machines and speed reducers, and aims to achieve net sales of 10 trillion yen in fiscal 2030.

                                                Integrating MAT into Nidec’s equipment business will enable it to achieve further growth across all parts of MAT’s business targeting the automotive sector and a wide variety of industries.

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