Denso to buy Sharp stock worth USD25 mil. in collaboration deal
Denso looking to tap into Sharp's expertise in air conditioners and air purifiers to enhance the performance of its car air conditioners.
oyota-affiliated auto parts supplier Denso said today (18 September) that it had signed a stock subscription agreement with struggling electronics manufacturer Sharp to purchase the latter's stock worth JPY2.5 billion (USD25.4 million). Denso also announced that the two companies would form a strategic alliance to create new technologies by integrating vehicle technologies with home electronics technologies.
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