Cofece authorizes concentration between Denso, Sumimoto and Asmo in Mexico
The Federal Economic Competition Commission (Cofece) of Mexico authorized the concentration between the manufacturers of transportation equipment Denso, Sumimoto and Asmo.
The notified operation is part of a global process of restructuring and integration of various companies in Japan, United States and Mexico, which belong to the economic interest group ultimately controlled by Denso Corp, with the purpose of combining their technology divisions dedicated to the development and production of engines for the automotive industry.
In Mexico, the operation involves the acquisition, by Denso, of certain shares representing the capital stock of ASMO, which would be sold by Denso Corp and Denso America.
Cofece
On October 19, two thousand and twenty, Denso México (Denso); Asmo Manufacturing de México (Asmo); Denso Corporation (Denso Corp), Denso International America, Inc. (Denso America); and Sumitomo Corporation (Sumitomo, together with Denso, Asmo, Denso Corp and Denso America, the notifiers); They notified Cofece of their intention to carry out a concentration, in accordance with the provisions of Article 90 of the Federal Law on Economic Competition.
In 1994, Asmo Co., Ltd. announced that it would build a new manufacturing plant in Irapuato, Guanajuato, Mexico.
The new facility will help ASMO to meet the growing needs of its North American customers who were then expanding their operations in the region.
The plant would manufacture windshield washer and wiper systems, power seat motors and power window motors.
