Denso Corporation has agreed to take a stake in Tohoku Pioneer EG Corporation, which is involved in the factory automation business and is owned by Tohoku Pioneer Corporation, a consolidated subsidiary of Pioneer Corporation.
The company highlights that manufacturing industry is at a turning point due to the shrinking workforce and ageing population, with various initiatives being taken to promote industrial change, such as Connected Industries in Japan and Industrie 4.0 in Germany.
Against this backdrop, Denso set the goal of developing optimal solutions for factory automation systems in its Long-term Plan 2025 formulated in 2017.