No, Melco is not owned by Bernina. Melco was founded in Japan in 1946 and has been manufacturing sewing machines for over 70 years. The company has a wide range of machines that are suitable for both domestic and commercial use, including embroidery machines. Bernina is a Swiss company that was founded in 1893 and also manufactures sewing machines, as well as other textile equipment. While the two companies are not affiliated with each other, they are both leaders in the sewing machine industry.