This is a wonderful transaction. The Japanese company Denso has taken a minority interest in the Dutch family company Certhon. The high-tech greenhouse construction now is combined with ultramodern Japanese industrial robotics. This is a great opportunity to replace the scarce factor "labor" (we read daily in our newspapers the shortage of harvesters), by robotics solutions.
It is great that JBR was able to contribute to this transaction during this difficult time!
In the past 35 years JBR, as an advisor to sellers, was allowed to guide several transactions with a Japanese buyer as the counterparty.
This transaction with Japanese listed Denso is another wonderful addition to our list and has brought us yet more insight and experience into the complexities of the Japanese transaction culture.
'We are very proud of this transaction. The synergy between Certhon's and Denso's technologies fits well with our portfolio of transactions in the Food & Agri sector.
Now that we cannot travel because of the Corona virus, the transaction has been digitally closed. It is very special and unique to complete this transaction in this way and indicates that corporate finance transactions can still be completed.'
- Denso and Certhon develop next-generation greenhouses to solve world food problem -
DENSO Corporation (DENSO), the world's second largest supplier of advanced automotive technology, has announced its intention to invest in the Certhon Group (Certhon) of Poeldijk, Netherlands. By doing so, Denso will acquire a minority stake in the Certhon family company, which develops large-scale greenhouse projects worldwide. This cooperation creates a special and strong combination to accelerate the development of technology in greenhouse horticulture.
While the demand for food is increasing as the world population continues to grow, available agricultural land is shrinking. An aging population and urbanization are also creating a shortage of labor. In addition, climate change and abnormal weather patterns make stable agricultural production difficult. In order to solve this global food problem, it is necessary to develop new cultivation systems that enable sustainable, reliable and automated cultivation with minimal use of water and energy.
Denso is a Japanese company and a worldwide leading supplier of advanced automotive technology, systems and components for major car manufacturers. By combining Denso's knowledge and expertise in the field of automation (industrial robotics) with Certhon's advanced horticultural techniques and cultivation know-how, a cooperation will be created in which a new generation of horticultural solutions will be developed.
Denso and Certhon already realized AgriD, one of the largest greenhouses in Japan for Asai Nursery. In this greenhouse, growers, robots and automated systems work together to manage crops 24/7. Harvesting work in this greenhouse is done by harvesting robot 'FARO', which was developed by Denso and is being tested extensively.
In DENSO's group long-term policy towards 2030, which was launched in 2017, non-automotive businesses (such as agriculture and horticulture) have also been identified as focus areas. For Certhon, this step fits in the strategy to safeguard the continuity of Certhon as a family company through internationalization, scaling up and further professionalization.
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.
About Certhon Group
Certhon is an established Dutch family company with more than 120 years of experience in the horticultural sector. With 130 highly trained and experienced experts, Certhon develops global high-tech horticultural solutions for year-round local and fresh vegetable, plant and flower production. Certhon's solutions are innovative, sustainable and focused on achieving a solid return on investment. Each technical and agronomic solution is extensively tested by the agronomic department in Certhon's own Hyper Growing Innovation Centre. The result; successful and innovative turnkey projects worldwide, in many different extreme climates. For more information about Certhon, please visit www.certhon.com.