Makita plans to acquire the power tool business of Panasonic, with both companies entering into a share transfer agreement on March 31, 2026.

Makita's planned acquisition of Panasonic's power tool business combines two Japanese manufacturing giants, merging Makita’s global reach in construction and woodworking tools with Panasonic's established industrial assembly and fastening solutions. This consolidation in the professional power tool market raises immediate questions for tradespeople and industrial users about future product lines, battery platform compatibility, and service support.

What We Know So Far

  • Makita has entered into an agreement to acquire the entire power tool business from Panasonic Corporation.
  • The share transfer agreement was officially entered into on March 31, 2026, according to a report from marketscreener.com.
  • According to ien.com, the acquisition includes all aspects of the business: product development, manufacturing, and sales operations.
  • The deal encompasses Panasonic’s factory and construction fastening equipment as well as its factory-related IoT solutions, ien.com also reported.
  • Panasonic reportedly established a new division, Electric Works Company, to house its power tool business before the sale.
  • The power tool segment being acquired includes approximately 31,000 employees, according to information from ien.com.

Makita Panasonic Power Tool Acquisition Details

The agreement entails a full absorption of Panasonic's complete power tools business by Makita, not a partial sale. This division, operational since 1979, will transfer entirely, covering everything from research and development to final product sales. For professionals using Panasonic's assembly and fastening tools, their provider is set to change hands.

Makita reported ¥753.1 billion (approximately $4.7 billion USD) in consolidated revenue for the fiscal year ending March 31, 2025. In the same period, Panasonic's power tools business reported over ¥1 trillion (about $7.1 billion USD) in consolidated revenue, according to ien.com. This acquisition significantly expands Makita's operational and market footprint, particularly in the industrial sector where Panasonic holds a strong position, potentially creating new opportunities for integrated tool systems like cordless power tool combo kits.