‘This is a wonderful transaction. Japanese company Denso has taken a minority interest in the Dutch family business Certhon. The high-tech greenhouse construction is now combined with ultramodern Japanese industrial robotics. This is a great opportunity to replace the scarce factor “labor” (we read in our newspapers the shortage of harvest employees) with robotics solutions.
It is fantastic that JBR has been able to contribute to this transaction during this difficult time.
In the past 35 years, JBR, as a consultant to sellers, was able to supervise multiple transactions with a Japanese buyer as the counterparty.
This transaction with the Japanese listed company Denso is another wonderful addition to our list and has brought us more insight and experience in the complexity of the Japanese transaction culture.’
‘We are very proud of this transaction. The synergy between the techniques of Certhon and Denso fits well with our portfolio of transactions in the Food & Agri sector. Since we cannot travel through the Coronavirus, the transaction has been closed digitally.
It is very special and unique to complete this transaction in this way and indicates that corporate finance transactions can also be completed.’
Apr. 1, 2020 News Releases Investors Sustainability
KARIYA (Japan) ― DENSO Corporation (DENSO), the second largest advanced automotive technology supplier in the world, has announced its investment in Certhon Group (Certhon), operating mainly in Europe and the United States, to expand horticulture business in the global market. DENSO and Certhon will collaborate to develop and provide greenhouse solutions.
While food demand increases as the global population continues to grow, the number of the agricultural population is decreasing due to demographic aging, unstable wages, and strict work environment. Environmental issues caused by climate change and abnormal weather patterns have led to unstable agricultural production. To tackle these global food-related issues, it is necessary to establish a stable and sustainable agricultural production system by saving labor and reducing heavy work, and by creating a cultivation environment that is not affected by climate.
Certhon whom DENSO has invested in is a Dutch company that sells large-scale greenhouse solutions using world-class advanced technology to more than 20 countries, aiming to maximize the profit of growers.
Through this capital alliance, and combined with Certhon’s horticulture business knowledge, DENSO will develop next-generation greenhouse technologies, such as fully automated indoor farming, and sell greenhouse package solutions tailored to the diverse needs of countries across the world.
DENSO Group’s Long-term Policy 2030 launched in 2017 has identified non-automotive business as one of its four focus areas and has defined agriculture as a key pillar under the non-automotive field. Until now, DENSO has contributed to the improvement of productivity in the agricultural field and the stabilization of cultivation environments through climate control technologies. As part of that, AgriD, Inc., established in 2018 with Asai Nursery, Inc., has built one of the largest greenhouses in Japan to realize greenhouse operations 24/7 through cooperation between farmers and robots to reduce the amount of work. Moreover, DENSO has started the demonstration of the automatic harvesting robot “FARO” developed by DENSO.
In the future, DENSO will contribute to sustainable agricultural production through industrialization, and will provide new value to the agri-food sector by establishing an integrated food value chain business.
About Certhon Group
Certhon is an established family company with over 120 years’ experience in Horticulture, based in The Netherlands. With 130 highly educated and experienced experts, Certhon develops worldwide high-tech horticulture solutions for local and fresh year-round vegetable, plant and flower production. Certhon’s solutions are innovative, sustainable and focused on achieving a solid return-on-investment. Each technical and agronomical solution is extensively tested in Certhon’s own hyper-growing, Innovation Centre by the company’s in-house agronomy department. The result; worldwide, in many different extreme climates, successful and innovative turnkey projects.
For more information about Certhon, visit www.certhon.com.
About DENSO Corporation
DENSO is a €44 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 211 facilities in 35 countries to produce thermal, powertrain, mobility, electrification, and electronic systems, to create jobs that are changing the way the world moves.
The company’s more than 170,000 associates are paving the way towards mobility that improves lives, eliminates traffic accidents, and works in harmony with the environment. With its global headquarters located in Kariya, Japan, DENSO in the European region consists of R&D, manufacturing and sales operations across 15 countries and employs more than 17,000 people.
Underscoring its commitment towards shaping the future of mobility, DENSO spent 9.3% of its global consolidated sales on research and development in the fiscal year ending March 31, 2019. For more information about DENSO, visit www.denso.com.