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Business

Nidec founder's philosophy goes global

Electric motor manufacturer's success story infused in new acquisitions

Nidec CEO Shigenobu Nagamori speaks at the Nikkei Global Management Forum in Tokyo on Nov. 8.

The foreign companies acquired by Japan's Nidec are undergoing transformation. With management shake-ups and other changes, they are feeling the effects throughout their organizations. Tapping into its pool of technological resources gained from recent buyouts, Nidec is venturing into new fields, including automotive components. Coursing through these changes is "Nagamori-ism," the philosophy of Nidec founder Shigenobu Nagamori, which is quickly spreading around the globe.

In January 2015, Nagamori visited the rural headquarters of Geraete und Pumpenbau, known as GPM, a German manufacturer of car pumps situated in the eastern region of Thuringia. GPM is the EU's largest manufacturer of pumps that circulate lubricant or coolant to the engine and other parts of the car. The purpose of Nagamori's visit was to explain the reason for the buyout.

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