 KYOTO, Japan, Feb. 05, 2021 GLOBE NEWSWIRE -- Nidec Corporation TSE: 6594; OTC US: NJDCY the Company or Nidec announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. Mitsubishi Heavy Industries Machine Tool, a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. Mitsubishi Heavy Industries; all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries the Stock Acquisition. Accordingly, Nidec entered into a stock purchase agreement on February 5, 2021 Japan time. 