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Nidec buys Valeo unit for 165 mln euros

Newswire

NEW YORK, Nov 14 (Reuters) - Japan's Nidec Corp. , the world's largest maker of precision motors, said on Tuesday it acquired a unit of French car parts maker Valeo for about 165 million euros (about 25 billion yen).

Last month, Nidec said it would buy Valeo Motors & Actuators, which makes motors that run automobile ...

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