KYOTO, Japan (Reuters) – Japan’s Murata Manufacturing is considering mergers and acquisitions (M&A) larger than 100 billion yen ($665 million) to drive growth, the smartphone component supplier’s CEO said on Thursday.
Murata is considering areas such as inductors and sensors with overseas targets also a possibility as the company seeks to grow its market share and expand in new markets, Norio Nakajima said.
“We are taking a broad view,” Nakajima told Reuters in an interview at the company’s headquarters in Kyoto.
($1 = 150.2600 yen)
(Reporting by Ritsuko Shimizu and Sam Nussey; Editing by Chang-Ran Kim)
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