Makita Group Announces the Acquisition of Panasonic Group’s Power Tool Business

Makita Corporation (“Makita”) and its group companies hereby announce that they have reached an agreement to acquire the power tool business (“the Business”) operated by Electric Works Company of Panasonic Corporation (“PEW”) and its group companies (“the Transaction”).

I. Purpose of the Acquisition

As a comprehensive manufacturer of power tools, Makita has been developing its business globally, with a particular focus on the construction and building markets. To achieve sustainable growth going forward, it is essential not only to strengthen our existing businesses but also to secure new growth drivers.
The Business has earned strong recognition in the factory fastening equipment field, particularly for its advanced torque control technologies and IoT‑enabled data management solutions. These strengths are highly valued in manufacturing processes where high precision and durability are required.
By combining Makita’s battery and motor technologies with the fastening and IoT technologies of the Business, Makita aims to enter the factory‑oriented market in a full‑scale manner and create highly value‑added solutions. Through this integration, we seek to further enhance our corporate value.

II. Overview of the Business to Be Acquired

(1) Seller
Electric Works Company of Panasonic Corporation and its group companies

(2) Regions
Japan and overseas

(3) Business Description
Development, manufacturing, and sales of power tool products, including factory and construction fastening equipment and factory‑related IoT solutions

Ⅲ. Acquisition Method

Makita plans to acquire all issued shares of the succeeding company to be established through an absorption‑type company split by PEW. Prior to the execution of the Transaction, a new company will succeed the Business from PEW.
For overseas locations, Makita and its group companies will acquire the relevant portions of the Business through asset transfers or other appropriate methods.

Ⅳ. Schedule

Planned Closing Date: During fiscal year 2026
Execution of the Transaction is subject to approvals from the relevant authorities.