December 1, 2022 - Modern Distribution Management

Day: December 1, 2022

Nidec to Buy Italian Tool Maker Pama for $108M

Japan-based motor maker Nidec announced it will buy Italian machine tool maker Pama for approximately $108 million (roughly ¥15 billion), according to a company news release and a report from Japanese news magazine Nikkei Asia. On Nov. 30, Nidec said it passed a resolution to approve purchasing the shares of Pama and its nine affiliates. …

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