Panasonic Electric Works completes transfer of power tools business to Makita

Reuters2026/09/01 03:05

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Panasonic Holdings Corporation published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Panasonic Electric Works completes transfer of power tools business to Makita

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