Denso Corp to Acquire Axia Vegetable Seeds Group

Denso Corp is reportedly in advanced negotiations to acquire Axia Vegetable Seeds Group, a seed supplier backed by Temasek, for approximately $500 million.

The acquisition is part of Denso’s strategy to expand into the agriculture sector and diversify its revenue streams, which currently rely heavily on the automotive industry. Denso aims to generate 20% of its revenue from new value businesses, including food and agriculture.

Key details of the proposed acquisition include:

• Acquisition price: approximately $500 million
• Acquirer: Denso Corp
• Target company: Axia Vegetable Seeds Group
• Owner of Axia: Temasek, a Singaporean investment firm

The deal is expected to generate a profit for Temasek, which owns a significant stake in Axia Vegetable Seeds Group.