Nidec bets on electric cars and acquisitions to triple sales venturebeat.com

(Reuters) — Japan’s Nidec plans to more than triple its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.
“The e-axle market is going to be big, but it is only one half of our twin-pillar growth strategy,” the person said.
“The other big key to growth is in mergers and acquisitions of other motor-related technologies.”The sources declined to be identified because the information is not yet public.
Seki, who told Reuters in December he was leaving Nissan for Nidec, is expected to help Nagamori lead the revenue push.
Nagamori told reporters this month that Nidec could spend 500 billion yen on its growth strategy, including technology acquisitions.