DENSO Corporation has signed a stock agreement with Sharp Corporation to purchase 2.5 billion yen (approximately US$25.4 million) shares of stock issued by Sharp.
DENSO and Sharp will collaborate to create new technologies to improve the comfort, safety and convenience of vehicles by integrating vehicle technologies with home electronic technologies.
The collaboration between the two companies will mainly involve the development of comfort technologies for vehicle passengers and connecting vehicle technologies with home and home electronics.
DENSO, headquartered in Kariya, Aichi prefecture, Japan, has more than 200 subsidiaries and affiliates in 36 countries and regions 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.
In North America DENSO employs more than 14,000 people at 28 consolidated companies and affiliates. Of these, 26 are manufacturing facilities located in the U.S., Canada and Mexico. DENSO employs more than 10,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas. DENSO’s North American consolidated sales totalled US$6.8 billion for the fiscal year ending March 31, 2013.
Connect with Denso on Facebook at http://www.facebook.com/DENSOinNorthAmerica
Sharp, located in Osaka, Japan, had sales of 2,478.6 billion yen (approximately US$25.2 billion), in the fiscal year ending March 2013. It had 50,994 employees as of the end of June 2013.
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