DENSO to Integrate Business with ASMO Co., Ltd .

Integrating the motor business to achieve electrification and automated driving technologies

DENSO Corporation today announced that it has concluded a basic agreementfor business integration with ASMO Co., Ltd., one of DENSO’s consolidated subsidiaries,effective April 1, 2018 (planned).

ASMO is one of DENSO’s consolidated subsidiaries in which DENSO and DENSO InternationalAmerica, DENSO’s wholly owned subsidiary in North America, have a combined stake of 92.38%. The main business of ASMO is developing, manufacturing, and selling small motor
system products for automobiles.

Recently, the development of electrification and automated driving technologies has been accelerating. To achieve more environment-friendly and safer mobility, it is essential to improve the performance and reliability of motors which are important components in
electrification and automated driving systems.

In the DENSO Group, the small motor business and large high-power motor business have beenoperated by ASMO and DENSO, respectively. Technology development for high-precision and high-value-added motors will require sophisticated technical innovation and product
development for vehicles focusing mainly on electromechanical products. The decision on business integration is intended to achieve this goal by combining the strengths in motor technologies acquired over the years by both companies.

The integration of the motor business will enhance collaboration with DENSO’s respective business groups to accelerate and upgrade technological development. DENSO remains committed to strengthening technological development of electrification and automated
driving systems and realizing more environment-friendly, safer, and more comfortable mobility.