Japanese automotive products manufacturer Denso has purchased 72.1% stake in the US-based vehicle diagnostic and telematics solutions provider EASE Simulation.
The transaction is expected to help DENSO expand research and development of its vehicle diagnostic and telematics business in North America.
Following the transaction, EASE Simulation founder Stephen Golenski will continue to serve as president of the company.
DENSO Sales Group senior executive director Haruya Maruyama said 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.
"EASE provides diagnostic service in North America, and with close collaboration we will work to expand vehicle diagnosis service within North America," Maruyama added.
DENSO will work with in collaboration with EASE for the development of diagnostic technology and support the computerization of vehicles in order to create environmentally friendly and safe automotives.
EASE president, chief operating officer and founder Stephen Golenski said the combination of DENSO's global reach and the company's vehicle diagnostic and telematics products is sure to lead to success and market expansion for both companies.
"We're excited to partner with DENSO and look forward to becoming part of the extended family," Golenski added.
