DENSO Corporation (DENSO) and Certhon Group (Certhon) announced they have established on May 29, 2020, DENSO AgriTech Solutions, Inc., (Head office: Minato-ku, Tokyo, President: Osamu Shimizu) a sales company focused on providing innovative horticulture solutions.
The joint venture will offer customers DENSO’s agricultural products, such as the Profarm T-cube*, and Certhon’s world leading horticulture products and service. Moreover, it will provide next-generation turn-key horticulture solutions, including agronomy consulting and aftermarket-services tailored to customer needs. Supported by a business collaboration with Toyota Tsusho Corporation, DENSO AgriTech Solutions will strengthen sales of greenhouse solutions in Japan and other Asian countries.
DENSO and Certhon formed a capital alliance in March 2020 with the objective of uniting DENSO’s automotive technology and Certhon’s horticulture technology to meet diverse demand of agricultural solutions globally. By establishing the sales company, DENSO and Certhon will build a sustainable agricultural business by providing the cutting-edge technologies to global growers.
Through global expansion of next-generation greenhouse technology, DENSO will contribute to sustainable agricultural production as well as aim to create the food value chain business providing new value for food-agro sector.
* Profarm T-cube: Semi-closed greenhouse developed by Daisen, Toyotane and DENSO
<About New Company>
|DENSO AgriTech Solutions, Inc.
|May 29, 2020
|70 million yen
|DENSO: 51%, Certhon: 49%
|-Sales of greenhouse supplies and devices-Cultivation consulting service-Aftermarket service related to greenhouse supplies and devices