Panasonic Electric Works has decided to transfer its automotive motor and automotive cooling fan motor businesses to NMB (MinebeaMitsumi Inc.). The companies plan to finalize the agreement on May 13, 2026, with the business transfer tentatively scheduled for November 2, 2026. This strategic move aligns with Panasonic Electric Works' broader business strategy to pivot towards "materials and process businesses." AI
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RANK_REASON Business divestiture and acquisition of non-core assets.