SYS-CON MEDIA Authors: Jayaram Krishnaswamy, Lori MacVittie, Gilad Parann-Nissany, Unitiv Blog, Bob Gourley

News Feed Item

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, electric, 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 35 countries and regions (including Japan) and employs over 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.



Source: Denso

Contact:
Sadayoshi Yokoyama, Goro Kanemasu 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
[email protected] 
goro_kanem[email protected] 


Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net

More Stories By JCN Newswire

Copyright 2008 JCN Newswire. All rights reserved. Republication or redistribution of JCN Newswire content is expressly prohibited without the prior written consent of JCN Newswire. JCN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.