InterviewJapan's Nidec eyes $6bn-plus acquisition, Chairman Nagamori says
Motor maker weighing targets in U.S. and Europe in push to accelerate growth
Nidec Chairman and founder Shigenobu Nagamori spoke to Nikkei in a rare public appearance since stepping down as CEO in April. (Photo by Yo Inoue)
EISAKU NITTA, Nikkei staff writer
December 10, 2024 06:18 JST
KYOTO -- Japanese motor maker Nidec is considering making an acquisition of up to 1 trillion yen ($6.6 billion) and is considering three candidates in Europe and the U.S., said Chairman Shigenobu Nagamori, who has been focusing on the group's mergers and acquisitions strategy since stepping down as CEO in April.