Notice of Change in Shareholders

Dear Our Stake Holders:

Thank you for your patronage to our products and services.

With regard to the above mentioned, we would like to inform you that our company's parent company, Mitsubishi Heavy Industries, Ltd. (Head Office: Tokyo, Japan, hereafter referred to as “MHI”), announced today that it has entered into an agreement to transfer all of its machine tool related operations, including all shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd.(Head Office: Ritto, Shiga, Japan, hereafter referred to as “MAT”), Federal Broach Holdings, LLC, Federal Broach & Machine Company, LLC and Southeast Broach Company – South Carolina, LLC, and also including the operation of Machine Tool Division of Mitsubishi Heavy Industries America, Inc. located at Wixom MI., to Nidec Corporation (Head Office: Kyoto, Japan ; hereafter referred to as “Nidec”) and the Nidec Group, targeting completion of transfer within May, 2021.

After the business transfer is completed, our company will exert synergy as a member of the Nidec Group, and all employees will make efforts with a new determination. We would like to ask you for your continued patronage under the new operation.

After the business transfer is completed, the names of our company's shareholder will be changed, but there will be no change in our company's business operations and customer support. Some of our global operations may result in a change of address, phone no. etc., however our support at each countries and regions will remain the same.

Details will be announced separately as soon as they are determined.

We thank you for your kind understanding.

Reference websites: MHI web site MAT web site

Yours Sincerely,


Federal Broach & Machine Company, LLC

• • BROACH MACHINES
  • BROACH TOOLS
  • SUPPORT SERVICES

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