Panasonic Corp. is in talks over potentially its biggest acquisitions in the U.S. and Europe in a decade, hoping to speed its transition from manufacturing televisions to supplying solar energy and power storage services.
"Acquisitions are in our sight as we need to seek a different business model in the U.S. and Europe," Shusaku Nagae, who heads Panasonic's Eco Solutions Co. unit, said Thursday in Tokyo.
The deals under consideration may be worth more than ¥10 billion he said, declining to elaborate.