Jul 06, 2020 16:34 JST

Source: Denso

Announcement of Absorption-type Merger (Simplified Merger and Short-form Merger) of DENSO IT Solutions Inc.

KARIYA, JAPAN, Jul 06, 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.

Source: Denso
Sectors: Cloud & Enterprise, Automotive

Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

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