Japan's Nidec eyes $6bn-plus acquisition, Chairman Nagamori says

Motor maker weighing targets in U.S. and Europe in push to accelerate growth

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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

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.

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