NTT Data Sees 300 Billion Yen in Acquisitions, Targets Brazil

Bloomberg.com 
Jan 25, 2011 


NTT Data Corp., the network-services unit of Japan’s largest phone company, may spend as much as 300 billion yen ($3.7 billion) on acquisitions, focusing on targets with Brazilian operations, President Toru Yamashita said.
NTT Data is in talks with several targets that may result in purchases within a year, Yamashita said in an interview in Tokyo however, he declined to specify any names.
Helped by a stronger yen, it aims to capitalize on the expansion by Japanese manufacturers including Toyota Motor Corp. and Komatsu Ltd. in Latin America.
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