Japan's auto parts giant Denso Group has announced that it has signed an agreement with the comprehensive electronics manufacturer Sharp , the two sides will form a strategic alliance, Denso will invest 2.5 billion yen (about 25.4 million US dollars) after the acquisition Shares.
Denso recently signed a share subscription agreement with Sharp. A Denso spokesman said that the number of shares in the transaction will be based on Sharp's stock price at the time of acquisition. According to the data provided by Bloomberg, Sharp's current market value is approximately 444 billion yen (approximately US$4.5 billion).
Denso said that the company and Sharp will cooperate to jointly develop new technologies for improving the comfort, safety, and convenience of automobiles through the integration of automotive technology and home electronics technology. In addition to providing technology to enhance the comfort of passenger vehicles, the main projects that the two parties cooperate with include new technologies that promote the interconnection between residential and residential electronic products and automobiles.
As early as July, the media disclosed plans for electronic capital injection of Sharp. The two companies had previously cooperated in the field of automotive air purification devices . The panel of some car navigation systems produced by Denso was provided by Sharp.
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