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Business deals

Japan's M&A maestro lets deputies spearhead German acquisitions

Nidec boss Nagamori gradually loosens the reins

Chairman Shigenobu Nagamori plans to gradually hand over responsibilities. (Photo by Tsuyoshi Tamehiro)

OSAKA -- Nidec, one of Japan's most experienced players in mergers and acquisitions, has bought a German robot parts maker and added to its shopping list four other targets for this fiscal year. But what was different this time is that the plans have been led by subsidiaries and not M&A maestro Shigenobu Nagamori, the founder himself.

This exemplifies how the motor manufacturer's charismatic chairman is loosening his control over dealmaking and trying to pass on his expertise to group companies.

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