Panasonic Electric Works completes transfer of power tools business to Makita
Reuters2026/09/01 03:05- Panasonic Holdings completed the transfer of Panasonic Electric Works’ power tools business to Makita on Sept. 1, 2026.
- Makita received all shares of a successor company that holds the business’ assets, contracts, and employees.
- The successor, formed in April as NEXRA Field Works, was renamed Makita Industrial Tools upon completion.
- Selected overseas manufacturing and sales functions tied to the business also moved to Makita subsidiaries.
- Panasonic Electric Works plans to sharpen focus on solutions built around electrical equipment and digital technologies.
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