Global automotive supplier DENSO has acquired 72.1 percent of EASE Simulation Inc. to help accelerate research and development of its vehicle diagnostic and telematics business in North America.
DENSO International America, Inc., 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.
«Historically, DENSO's focus has primarily been on products; however, we understand the aftermarket and OES industry trend is moving toward providing more services», - said Richard Shiozaki, senior vice president, DENSO Products and Services Americas. «This transaction will help us speed up the development of our services through vehicle diagnostics and telematics. Partnering with EASE will help DENSO develop and provide cloud-based diagnostics and telematics services to more than 90 percent of the U.S. light-vehicle fleet».
This acquisition is part of DENSO's long-term plan to expand the scope of its Original Equipment Service (OES), aftermarket and non-automotive business. In April 2013, DENSO reorganized its OES and aftermarket business operations in the U.S. and re-named the company DENSO Products and Services, Americas, Inc.
«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. «We're excited to partner with DENSO and look forward to becoming part of the extended family».
This investment is part of DENSO's expansion plan to invest nearly $1 billion and create more than 2,000 jobs in North America from 2012 - 2016. DENSO said it is committed to supporting and investing in new advanced technologies that will become the foundation of the next generation automobile.