Panasonic Industrial Devices Corporation has unveiled its strategic decision to divest its automotive motor division, along with its automotive cooling fan motor business, to MinebeaMitsumi Inc. The two companies are slated to finalize the contract on May 13, 2026, with the transaction tentatively scheduled to take effect on November 2 of the same year, pending any necessary modifications. This divestiture marks a pivotal shift for Panasonic Industrial Devices, as it realigns its focus towards 'materials and process technologies.' MinebeaMitsumi, on the other hand, emphasized that the acquired businesses carry forward Panasonic's legacy in motor manufacturing, armed with a suite of cutting-edge proprietary technologies and extensive process know-how. Specifically, the automotive motor business is renowned for its robust technical prowess and well-established customer ties, while the automotive cooling fan motor business stands out for its exceptional reliability and thermal management expertise. By integrating these capabilities with its own technological strengths, MinebeaMitsumi aims to craft high-value solutions, amplify its technological clout, and play a part in tackling societal issues.