According to reports, the Japanese parts giant Denso Group has announced that it will acquire a 50 percent stake in ADASENS Automotive, a German parts company. ADASENS Automotive, headquartered in Weissensberg, Germany, is a driver assistance system manufacturer focused on the development of an image recognition system that uses cameras to detect obstacles around the vehicle. Its products include lane departure warning systems, blind spot monitoring and parking assist vision systems. Denso Group stated in a statement that it will acquire 50% equity of ADASENS Automotive, to help it “accelerate and advance the progress of active safety technology development.†The transaction is expected to be completed by the end of this year. In addition, Denso also signed an agreement with Sharp, a comprehensive electronics manufacturer, earlier this month. The two companies will form a strategic alliance and Denso will invest 2.5 billion yen (about US$25.4 million) to acquire the latter’s shares. The two parties will collaborate to jointly develop new technologies for improving the comfort, safety, and convenience of automobiles through the integration of automotive technology and home electronics technology. Belt Grinder,Belt Grinder Kit,Industrial Belt Grinder,Belt Grinder Machine WEISS MACHINERY CO., LTD. , https://www.weissmachinerys.com
Denso and ADASENS Automotive, a German spare part, form an alliance to acquire half of its shares