Bosch Divests Denso Stake

Denso Corp. has bought back Robert Bosch GmbH's entire Denso stake for $1.4 billion.

The companies, whose relationship began in 1953, plan to continue to collaborate despite their increased rivalry. Denso has grown with such customers as Honda and Toyota and is now the world's second-largest supplier behind Bosch.

Bosch tells Bloomberg News it disposed of the Denso stake, which it describes as non-strategic, to pursue acquisitions and investments in new areas.