Denso Corporation of Japan has increased its stake in Fujitsu Ten to majority ownership. This follows the development in September 2016 when Fujitsu Ten’s three shareholders – Fujitsu Limited, Toyota Motor Corporation and Denso Corporation – announced a basic agreement to change its capital structure.
Effective November 1, 2017 Denso Corporation has the majority stake in Fujitsu Ten. As a result of this, there is a name change to Denso Ten with a vision to achieve growth together.
Denso has made Fujitsu Ten one of its group companies to enhance cooperation between the two companies in the development of in-vehicle ECUs, millimetre-wave radar sensors, advanced driver assistance/automated driving technologies, and basic electronic technologies.
The origin of Fujitsu Ten was from the establishment of Kawanishi Machine Works back in 1920. The company was evolved into Kobe Industries Corporation, the predecessor of Fujitsu Ten, which was established in 1949. After Kobe Industries Corporation merged with Fujitsu Limited in 1968, the radio department was separated from Fujitsu Limited, and established as Fujitsu Ten Limited in 1972.
In India, the UNO Minda Group has a JV with Fujitsu Ten – Fujitsu Ten Minda Ltd – for car infotainment products with a plant at Bawal in Haryana.