Nidec Corporation (TSE:6594) signed a Share Exchange Agreement to acquire the remaining 33.39% stake in Nidec Okk Corporation (TSE:6205) from a group of sellers for ¥8.3 billion on December 12, 2022. Nidec will issue 1.01 million shares as consideration. The transaction is subject to approval of the shareholders of Nidek Okk.

the transaction is expected to close on March 1, 2023. KPMG FAS Co., Ltd. acted as financial advisor to Nidec Corporation, Oh-Ebashi LPC & Partners acted as legal advisor to Nidek Corporation. AGS Consulting Co., Ltd. and Resona Bank Limited, Investment Banking Arm acted as financial advisor to Nidec Okk.

Yodoyabashi & Yamagami Legal Professional Corporation acted as legal advisor to Nidec Okk. Yodoyabashi & Yamagami Legal Professional Corporation and AGS Consulting Co., Ltd. acted as due diligence provider to Nidec Corporation.