DENSO to acquire 50% Stake in ADASENS
DENSO will acquire a 50 percent stake in ADASENS Automotive GmbH to help accelerate and advance the development of active safety technologies. ADASENS, is an image recognition technology company, owned by Spain-based FICOSA International, S.A. The acquisition is expected to be completed by the end of 2013.
ADASENS develops advanced driver assistance systems; particularly in the area of image recognition technologies using cameras to detect obstacles ahead, behind, and around vehicles. With ADASENS expertise, DENSO will accelerate its development of image recognition technologies that will help reduce driver workload and enhance active safety features to help avoid potential collisions.
With an effort to bring about an accident-free automotive society, DENSO has developed and commercialized both passive and active safety technologies to protect vehicle occupants, as well as to prevent traffic accidents. Based on the technologies developed, DENSO will continue to stride towards a safe and reliable automotive society for all including drivers and pedestrians.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety.
Worldwide, the company has more than 200 subsidiaries and affiliates in 36 countries and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion. Last fiscal year, DENSO spent 9.4 percent of its global consolidated sales on research and development.
FICOSA is an industrial group based in Spain and a global leader in research, development, production and marketing of automotive systems and parts.
