DENSO Corporation acquired all shares of CTR s.r.l, an aftermarket commercial company with locations in Italy, Spain and France that distributes various automotive climate control components, such as compressors, HVAC components and heat exchangers. The acquisition was completed on June 1, 2010.

CTR was a subsidiary of Finber S.p.A., a European-based company that develops, manufactures and sells automotive components and other products. Now CTR is a subsidiary of Italian-based DENSO Thermal Systems (DNTS), which develops, manufactures and sells automotive engine cooling and climate control systems along with other thermal products to areas all over Europe and South America. The current management and organization continues to operate the company, and the head office and its warehouses, and other facilities are continually being used.

“We believe that CTR and the Aftermarket Business Unit of DENSO Thermal Systems will complement each other’s existing products and distribution networks,” said Akio Shikamura, managing officer responsible for DENSO's Thermal Systems Business Group. “With this advantage, DENSO aims to expand the group business and diversify its thermal aftermarket product portfolio.”

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