Japanese machine tool manufacturer Nidec Corporation has announced today that it has completed the acquisition of all the shares of Pama S.p.A on February 1, 2023. Accordingly, Pama will become a wholly owned subsidiary of the company.

Pama, with a broad product portfolio and high technological capabilities in the fields of 5-axis face milling machines, machining centers, boring and milling machines, and large machine tools, boasts the world’s largest market share as a boring and milling machine manufacturer, whose end users include major press machine builders, construction equipment manufacturers, heavy machine manufacturers for energy and earthmoving, shipbuilding and aerospace aircraft manufacturers.

In addition, Pama enjoys stable annual sales in Europe, North America, and China, a country where Pama has been in business since 1988.

Pama is one of the machine tool companies with longer traditions in Europe since it started its activity in 1926 producing boring and milling machines. in 1967 pama started to implement modern cnc control and automation techniques on their traditional production of horizontal boring and milling machines. All new products derive from this long experience and the constant study in solving application problems.