KARIYA, Japan ― DENSO Corp. has acquired all shares of CTR s.r.l, a commercial aftermarket company with locations in Italy, Spain and France, which distributes various automotive climate control components, such as compressors, HVAC components and heat exchangers. CTR was a subsidiary of Finber S.p.A., a European-based company that develops, manufactures and sells automotive components and other products. The acquisition was completed June 1.

CTR offers a wide range of products and equipment including its own brands, and has a strong distribution and service network. In Italy, where its head office is located, CTR provides its dealers with quality service, including next morning delivery upon receipt of an urgent order, and various in-depth technical training programs. Based on its extensive services, the company owns leading market shares of aftermarket sales of automotive climate control components in the country.

“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.”

Without changing the company and brand name, CTR is now 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, warehouses and other facilities will continue being used.