ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
Home
Press release
Jan 17, 2022 15:34 JST
Source: Denso
DENSO and Aisan Reach Agreement on Transfer of Fuel Pump Module Business
- Helping create the future of mobility -
KARIYA, JAPAN, Jan 17, 2022 - (JCN Newswire) - Leading mobility supplier DENSO, and powertrain supplier Aisan today announced their respective Board of Directors have agreed upon and signed an agreement to transfer DENSO's fuel pump module* business to Aisan. In addition, the Board agreed to allow Aisan to acquire DENSO's equity stake in KYOSAN DENSO MANUFACTURING KENTUCKY, LLC (KDMK), located in Mt. Sterling, KY. The transfer is estimated to be on August 1, 2022.
The two companies previously announced that they reached a basic agreement on May 20, 2019, to begin studying the possibility of strengthening their competitiveness in powertrain and future growth areas. As a result of the study, the companies agreed that DENSO will transfer its entire business of developing, producing, and selling fuel pump modules to Aisan, and Aisan will acquire DENSO's equity stake in KDMK. Additionally, the companies determined that DENSO will not increase its ownership stake in Aisan.
Mutually Beneficial Agreement:
The mutually beneficial agreement will allow DENSO to focus on its Two Great Causes: Green and Peace of Mind, under which it will work to achieve carbon neutrality, zero traffic accidents and safe and seamless society. While, Aisan will work to improve its product capabilities by combining both Aisan and DENSO's technology and knowhow, as well as maximizing resources to improve production efficiency and achieve low-cost manufacturing.
The two companies will continue to collaborate and utilize each other's strengths and contribute to the realization of a sustainable mobility society.
This business transfer is subject to approval from the antitrust authorities in the relevant countries and regions.
* Fuel pump module
An assembly that delivers fuel from the fuel tank to the engine
Overview of business transfer:
Business to be transferred - Fuel pump module
Agreement date - January 17, 2022
Date of the transfer - August 1, 2022 (planned)
About DENSO
DENSO is a $44.6 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 200 facilities to produce thermal, powertrain, mobility, electrification, & electronic systems, to create jobs that directly change how the world moves. The company's 168,000+ 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 10.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2021. For more information about global DENSO, visit
https://www.denso.com/global
.
Sectors: Automotive
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
NEC and Juniper Networks Deploy Algeria Telecom's Nationwide 5G-Ready IP Metro Network
May 25, 2022 17:50 JST
Hitachi and Hitachi Astemo Developed Thin-type Inverter Technology for EVs That is More Compact and Energy Efficient
May 25, 2022 11:02 JST
DENSO, Honeywell Co-Develop E-Motor for Lilium's All-Electric Jet
May 25, 2022 10:01 JST
Toyota Announces May/June Production Suspension and June Production Plan
May 24, 2022 13:53 JST
NEC Provides AI-based Traffic Monitoring System with Fiber-optic Sensing Technology for NEXCO CENTRAL
May 24, 2022 11:27 JST
Mitsubishi Corporation signs Participation Agreement with Sempra Infrastructure, TotalEnergies, Mitsui for Carbon Sequestration Project in Louisiana
May 24, 2022 10:10 JST
Hitachi launches Lumada Inspection Insights and strengthens digital and green portfolio
May 24, 2022 09:16 JST
Project-Finance Agreement Signed for MC-Hokuden Hydro Power Alliance
May 23, 2022 11:15 JST
Mitsubishi Motors to Launch the All-New eK X EV in Japan
May 23, 2022 09:36 JST
NEC and Toyota Technical Development Develop Stable Wireless Control System for Cars and other Moving Objects in Factories
May 23, 2022 09:24 JST
MC and Morgenrot Enter into Capital and Business Alliance
May 20, 2022 20:19 JST
ROOKIE Racing and TOM'S SPIRIT Announce Team Setups for Super Taikyu Series Fuji 24 Hours Race
May 20, 2022 13:42 JST
MC and Kurashiki City Sign Regional Development Agreement
May 20, 2022 10:55 JST
BDO announces winners of the BDO ESG Awards 2022
May 19, 2022 22:20 JST
MHI-MS Introduces the New "MC" Flexo Folder Gluer: The Latest Innovation from the World's Leading Industrial Firm
May 18, 2022 20:36 JST
Lexus to Unveil All-New RX on June 1, 2022
May 18, 2022 19:38 JST
Fujitsu Signs Strategic Collaboration Agreement with AWS to Accelerate Digital Transformation in Finance and Retail Industry
May 18, 2022 14:51 JST
Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO
May 17, 2022 13:30 JST
Alba Signs Agreement with Mitsubishi Power & SEPCOIII as EPC Contractor for Block 4 in Power Station 5
May 17, 2022 12:26 JST
Fujitsu and RIKEN start joint research on next-generation IT drug discovery technology using the supercomputer Fugaku and simulation integrated AI
May 17, 2022 11:32 JST
More Latest Release >>
Related Release
DENSO, Honeywell Co-Develop E-Motor for Lilium's All-Electric Jet
5/25/2022 10:01:00 AM JST
Year-End Review: DENSO Advances its Two Great Causes, Green and Peace of Mind
4/29/2022 10:20:00 AM JST
DENSO Announces Financial Results
4/29/2022 10:12:00 AM JST
DENSO and USJC Collaborate on Automotive Power Semiconductors
4/26/2022 4:17:00 PM JST
DENSO Products Electrify Toyota and Subaru's New All-Electric bZ4X and SOLTERRA
4/14/2022 4:50:00 PM JST
BluE Nexus's First eAxle Adopted on Toyota's "bZ4X"
4/14/2022 3:19:00 PM JST
Marubeni, OPExPARK, Beyond Next Ventures and DENSO Collaborate to Promote DX in the Healthcare Industry
4/1/2022 1:13:00 PM JST
Joint Research Shows that DENSO's Microalga, Coccomyxa sp. KJ Has Virucidal Effect against COVID-19
3/24/2022 11:05:00 AM JST
DENSO to Take Minority Stake in JASM
2/15/2022 10:03:00 PM JST
DENSO Announces Third Quarter Financial Results
2/2/2022 4:07:00 PM JST
More Press release >>