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| Monday, 6 July 2020, 15:34 HKT/SGT | |
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Source: Denso | |
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KARIYA, JAPAN, July 6, 2020 - (JCN Newswire) - DENSO Corporation hereby announces that it has resolved to merge its wholly-owned subsidiary DENSO IT Solutions Inc. into the Company through an absorption-type merger, effective October 1, 2020, at a board of directors meeting held today.
Please note that the disclosed items and details are partially omitted because the merger is a simplified merger of the Company's wholly-owned subsidiary.
Purpose of Merger:
The Company established DENSO IT Solutions (former company name: DENSO ISM Corporation) in October 2001. However, there is an urgent need to promote the company-wide digitalization strategy and facilitate the utilization and application of data.
Accordingly, the Company will integrate DENSO IT Solutions and enhance in-house cooperation in order to maximize the speed and performance of operations and accelerate digital transformation.
For the full report, visit https://bit.ly/2Zz7vmc.
Topic: Press release summary
Source: Denso
Sectors: Cloud & Enterprise, Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network
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