Denso acquires majority stake in diagnostics, telematics firm
DETROIT -- Denso International America Inc. acquired a majority stake in Pennsylvania vehicle diagnostics and telematics company Ease Simulation Inc.
The U.S. unit of Japan’s Denso Corp. acquired a 72.1 percent stake in the company. The deal was completed on Wednesday, the Toyota-affiliated supplier said in a statement.
Ease Simulation will retain its name and location and founder Stephen Golenski will be the firm’s president and COO.
The 14-employee company develops diagnostic equipment, emissions analyzers and telematics equipment for fleet operators, retailers, state emissions agencies and automotive repair shops, Denso said in a news release.
The investment is designed to provide Denso with cloud-based technology to service the fleet and aftermarket industry, Richard Shiozaki, senior vice president of Denso products and services in the Americas, said in the statement.
The investment is part of an expansion plan, announced at the Detroit auto show in January 2013, to invest nearly $1 billion in North America and create more than 2,000 jobs.
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