Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 5 December 2017, 10:48 HKT/SGT
Share:
    

Source: Denso
DENSO to Integrate Business with ASMO Co., Ltd.
Integrating the motor business to achieve electrification and automated driving technologies

KARIYA, JAPAN, Dec 5, 2017 - (JCN Newswire) - DENSO Corporation today announced that it has concluded a basic agreement for business integration with ASMO Co., Ltd., one of DENSO's consolidated subsidiaries, effective April 1, 2018 (planned).

ASMO is one of DENSO's consolidated subsidiaries in which DENSO and DENSO International America, DENSO's wholly owned subsidiary in North America, have a combined stake of 92.38%. The main business of ASMO is developing, manufacturing, and selling small motor system products for automobiles.

Recently, the development of electrification and automated driving technologies has been accelerating. To achieve more environment-friendly and safer mobility, it is essential to improve the performance and reliability of motors which are important components in electrification and automated driving systems.

In the DENSO Group, the small motor business and large high-power motor business have been operated by ASMO and DENSO, respectively. Technology development for high-precision and high-value-added motors will require sophisticated technical innovation and product development for vehicles focusing mainly on electromechanical products. The decision on business integration is intended to achieve this goal by combining the strengths in motor technologies acquired over the years by both companies.

The integration of the motor business will enhance collaboration with DENSO's respective business groups to accelerate and upgrade technological development. DENSO remains committed to strengthening technological development of electrification and automated driving systems and realizing more environment-friendly, safer, and more comfortable mobility.


About Denso

DENSO is a $48.3 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 221 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 170,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about global DENSO, visit https://www.denso.com/global.

Contact:
DENSO CORPORATION
Sadayoshi Yokoyama, Toshiko Watanabe 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
[email protected] 
[email protected]


Dec 5, 2017 10:48 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Denso Links

http://www.globaldenso.com/en/

https://www.facebook.com/DENSOCorporation/

https://twitter.com/hashtag/denso?lang=en

https://www.youtube.com/channel/UCl8cZy9vYlTcnkVMEInM7XQ

https://ph.linkedin.com/company/denso

Denso
Sept 29, 2020 16:22 HKT/SGT
DENSO's NaviBridge, a Smartphone Application Designed to Send Searched Locations from Phones to Car Navigation Systems, Compatible with Over 1,000 GPS
Aug 5, 2020 15:09 HKT/SGT
DENSO Establishes Pittsburgh Innovation Lab to Accelerate Automated Driving R&D
July 31, 2020 13:11 HKT/SGT
DENSO Announces First Quarter Financial Results
July 21, 2020 21:35 HKT/SGT
Reproducing the Driver's Senses by Engineering: DENSO's Challenge to Develop Automated Driving Systems
July 21, 2020 17:40 HKT/SGT
To Achieve AI-based Fully Automated Driving: R&D Project on Elemental Technologies at DENSO
July 6, 2020 15:34 HKT/SGT
Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.
June 1, 2020 11:48 HKT/SGT
DENSO and Certhon Establish DENSO AgriTech Solutions
May 29, 2020 11:05 HKT/SGT
DENSO Announces Changes in the Areas of Responsibility of Senior Executive Officers and Executive Officers
May 18, 2020 16:36 HKT/SGT
DENSO, Global Mobility Service to Support Delivery of COVID-19 Test Kits in Indonesia
Apr 30, 2020 16:43 HKT/SGT
DENSO Announces Changes to Its Board of Directors
More news >>
 News Alerts
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: