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Dias Carneiro and Nishimura & Asahi advise Mitsubishi Heavy Industries on the sale of its machine tool business to Nidec Corporation
The Japanese manufacturer of engines and drives Nidec, on one side, and Mitsubishi Heavy Industries, the Japanese manufacturer, designer and seller of machine tools, signed a stock purchase agreement on February 05, 2021 whereby the parties agreed upon the sale of the Mitsubishi Heavy Industries Group from the latter to the first.
The transaction involves the acquisition, by Nidec, of the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd., all the Mitsubishi Heavy Industries Group-owned shares of 3 overseas subsidiaries and the machine tool business run by 9 overseas subsidiaries – including Brazil.
The closing of the transaction is expected to take place in May, depending on the completion of certain conditions precedent – among which there is the antitrust clearance and regulatory approval in several countries.
Mitsubishi Heavy Industries Machine Tool makes production equipment for automotive gear, which requires precision and specialized skills, and Nidec hopes to use the unit’s know-how to produce more gears in-house.
Japanese law firm Nishimura & Asahi advised Mitsubishi Heavy Industries. Brazilian law advice was provided by Dias Carneiro Advogados.
Dias Carneiro Advogados
Thiago Vallandro Flores
Artur Fernandes Andrezo
André de Melo Ribeiro
Débora Trovões Cabral
Pedro Xavier de Mendonça Bandeira Azevedo
Nishimura & Asahi
Hiroko Shibata
Keitaro Hamada
