NEC Plans Overseas Acquisitions in Drive for 70% Profit Growth
- M&As will boost its digital transformation businesses overseas
- NEC’s Chief Executive Officer Morita speaks in an interview
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NEC Corp., after several years of record-setting acquisitions, plans to buy more overseas companies to expand its portfolio of services that help governments and companies digitize their operations.
The acquisitions will focus on the U.S. and Europe, while expansion in Asia can come from organic growth, Chief Executive Officer Takayuki Morita said in an interview. NEC is looking to add to its digital government and finance offerings and may also purchase companies that have 5G wireless network expertise, Morita said.