Key Takeaways
- DENSO has acquired a partial equity stake in FoodVentures, making it a consolidated subsidiary of the DENSO Group.
- The partnership will support the global deployment of a One-Stop Solution for stable and predictable agricultural production.
- DENSO has been building its agriculture business since 2017, applying automotive manufacturing technologies to greenhouse horticulture.
- FoodVentures brings over a decade of experience in cultivation technologies and operational support across multiple countries and climates.
- The move follows DENSO's recent additions of Certhon, Axia, and a partnership with Delphy to strengthen its agricultural portfolio.
DENSO Expands Agricultural Business With FoodVentures Acquisition
DENSO Corporation and FoodVentures have announced that DENSO has acquired a partial equity stake in FoodVentures, making the company a consolidated subsidiary. The capital partnership is aimed at strengthening collaboration to globally deploy what the companies call a One-Stop Solution, which enables stable and predictable agricultural production through an integrated approach.
Growing Global Demand for Local Agricultural Production
Changes in social conditions — including the progression of climate change, declining farming populations in some areas, and the growing importance of food security — have accelerated efforts worldwide to secure agricultural production and improve food self-sufficiency. New entrants into the agricultural sector are emerging, and demand is increasing globally for sustainably local-grown agricultural production.
DENSO's Agriculture Strategy Since 2017
DENSO has positioned agriculture as a new pillar of its business since 2017 and further strengthened this commitment in 2022 by incorporating it into its articles of incorporation. The company has applied technologies developed through automotive component manufacturing — including production process design, sensing, and image processing — to advance environmental control and automation technologies for greenhouse horticulture.
