(Bloomberg) Japan’s Nidec Corp. and private equity firm KPS Capital Partners are competing to acquire Siemens AG’s Innomotics large motors business, which could fetch about €3 billion ($3.3 billion) in a sale, according to people familiar with the matter.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments o
Nidec: With the appointment, the Kyoto-based maker of automotive components and precision motors seeks to bring to an end a long-running succession struggle as it faces heavy price competition in China s electric vehicle market.
KYOTO, Japan Japanese motor maker Nidec has tapped Executive Vice President Mitsuya Kishida as the new president and CEO effective April 1, choosing a…
Japanese parts maker Nidec
selected on Wednesday an automotive motor unit
executive as its new president and CEO, putting him in line to
eventually take over as chairman from the firm s.