Kariya (Japan) DENSO Corporation (the 'Company') hereby announces that it has resolved to merge its wholly-owned subsidiary DENSO IT Solutions Inc. ('DENSO IT Solutions') 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.
About DENSO Corporation
DENSO is a $47.6 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 worldwide 200 facilities 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 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020.
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