Global automotive supplier Denso has acquired 72.1 percent of EASE Simulation Inc, to help accelerate R&D of its vehicle diagnostic and telematics business in North America.
06 Jun 2014 | 4231 Views | By Autocar Pro News Desk
Global automotive supplier Denso has acquired 72.1 percent of EASE Simulation Inc, to help accelerate R&D of its vehicle diagnostic and telematics business in North America. Denso completed the transition of ownership of the Pennsylvania-based vehicle diagnostics and telematics company on June 4. The company founder, Stephen Golenski will continue ...
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Global automotive supplier Denso has acquired 72.1 percent of EASE Simulation Inc, to help accelerate R&D of its vehicle diagnostic and telematics business in North America. Denso completed the transition of ownership of the Pennsylvania-based vehicle diagnostics and telematics company on June 4. The company founder, Stephen Golenski will continue to serve as president.
"Vehicles today are installed with many advanced electronic control systems, and it is necessary to diagnose those electronic systems in order to properly check and maintain the vehicles," said Haruya Maruyama, senior executive director overseeing Denso's sales group. "EASE provides diagnostic service in North America, and with close collaboration we will work to expand vehicle diagnosis service within North America."
"The combination of Denso's global reach and EASE Simulation's cutting-edge vehicle diagnostic and telematics products is sure to lead to success and market expansion for both companies," said Stephen Golenski, president, chief operating officer and founder of EASE.
Currently in North America, Denso employs over 17,000 people at 32 consolidated companies and affiliates. Of these, 28 are manufacturing facilities located in the US, Canada and Mexico. In the U.S. alone, DENSO employs more than 14,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, Alabama and Arkansas. The supplier's North American consolidated sales totaled US$7.9 billion (Rs 166,287 crore) for the fiscal year ending March 31, 2014.