# Toyota and DENSO agree to transfer electronic component operations to DENSO

Toyota and DENSO reached a definitive agreement to consolidate Toyota's core electronic component operations into DENSO, including production at Toyota's Hirose Plant and development functions, effective April 1, 2020.

- Type: Acquisition
- Announced: 2023-01-10
- Where: Kariya, Japan, Japan
- Status: announced
- Products: electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (target)
- [DENSO](https://endata.com/companies/2901.md) (acquirer)

## Sources

- [densoautoparts.com](https://www.densoautoparts.com/news-toyota-and-denso-reach-agreement-on-transfer-contract-for-consolidating-electronic-component-operations/), 2023-01-10: "By consolidating these operations within DENSO, which has a high level of expertise in the field of electronic components, a speedy and competitive development and production structure will be established."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.