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JAPAN: Denso acquires 25% of South African automotive air conditioner maker

Denso Corporation will purchase 25% of the shares in Smiths Manufacturing from Metair Investments Limited, the holding company.

March 18, 2005

Denso Corporation will purchase 25% of the shares in Smiths Manufacturing from Metair Investments Limited, the holding company.

Smiths is the largest automotive air conditioner company in South Africa and Denso has been involved there since 1982, when it entered into a technical assistance agreement for automotive air conditioners with Smiths.

Denso continues to provide technical assistance to Smiths on automotive air conditioners, heaters, radiators and electric fans.

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JAPAN: Denso acquires 25% of South African automotive air conditioner maker