Mitsui & Co. acquires a 20 percent holding in Position Partners in effort to drive digital transformation in construction and resource sectors.
Position Partners said in a statement that Mitsui’s investment opens the door to a range of collaboration opportunities within the Mitsui network.
Martin Nix, Position Partners CEO, said that it would allow them to offer greater value to their customers through streamlined technology and support.
“Mitsui’s reach and vision into global business optimisation is considerable and the company’s investment in Position Partners will assist us to identify and leverage technology that is evolving both within and beyond our core industries,” he said .
“By tapping into how various businesses are applying AI and IoT systems, we can continue to offer customers the latest developments to improve their productivity.”
Daniel Shibata from Mitsui will join Position Partners’ Executive Steering Team as part of the agreement.
Daniel Todd form Mitsui Australia said that they firm eagerly anticipated introducing the team to partners in the resource sector, and that the company had already identified collaboration opportunities in Southeast Asia.
Stay up to date by getting stories like this delivered to your mailbox.
Sign up to receive our free weekly Spatial Source newsletter.
