Commission Decision No. 18-M-016/2017
Acquisition by the Denso Corporation of shares in Fujitsu Ten Limited
Denso Corporation (“Denso”) is a company organized and existing under the laws of Japan. It is engaged in the global supply of car parts, and the manufacture, promotion and distribution of systems and components for original equipment manufacturers in the automotive industry.
Denso currently holds ten per cent (10%) of Fujitsu Ten Limited (“Fujitsu Ten”), a Japanese corporation engaged in the business of manufacturing and distribution of automotive electronics, globally. Denso seeks to acquire additional Fujitsu Ten shares by purchasing some of those held by FUJITSU LIMITED (“Fujitsu”). After the transaction, DENSO and Fujitsu will own fifty-one per cent (51%), and fourteen per cent (14%) of Fujitsu Ten shares, respectively.