DENSO to Merge Its Two Industrial Equipment Subsidiaries
April 20, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
DENSO to Merge Its Two Industrial Equipment Subsidiaries  - JCN Newswire
Share:
DENSO to Merge Its Two Industrial Equipment Subsidiaries

Kariya, Japan, Dec 4, 2013 - (JCN Newswire) - DENSO Corporation will merge DENSO WAVE Incorporated, which develops and sells automatic data capture devices and industrial robots and other systems and devices, and DENSO ELECS Co., Ltd., which manufactures products developed by DENSO WAVE, in January 2015. The consolidated company will be called DENSO WAVE.

In order to improve its competitiveness in the area of industrial equipment, including automatic data capture devices and industrial robots, DENSO Corporation has decided that the development, manufacture, and sales of these products need to be controlled by one organization.

The DENSO Group will continue to strive not only to develop automotive products to help improve the environmental performance and safety of vehicles, but also to provide industrial equipment, QR codes, and many other products and technologies.

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US $38.1 billion. Last fiscal year, DENSO spent 9.4 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

About Denso

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

Contact:

Sadayoshi Yokoyama, Goro Kanemasu 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
goro_kanemasu@denso.co.jp 

 


Dec 4, 2013
Source: Denso

Denso (TSE: 6902) (U.S: DNZOY)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Merger & Acquisition
View more news from these Sectors: Electronics General, Design & Manufacturing Process, Engineering, Automobile Parts and Manufacturing


 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)