Mitsui & Co a majority shareholder in Position Partners

Position Partners shareholder

Global trading and investment company Mitsui & Co further invests in Position Partners to leverage growth opportunities in intelligent positioning solutions throughout Australia, New Zealand and Southeast Asia.

Position Partners will continue to offer digital and automated systems to improve productivity, safety and sustainability in the construction, resource and geospatial sectors, with the support of Mitsui’s networks.

Headquartered in Tokyo, Japan, with locations in more than 60 countries worldwide, Mitsui invested in Position Partners in 2019 to hold a 20 per cent share in the company. Following Position Partners’ strong business performance it has become a majority shareholder.

“Since 2019, we have launched initiatives that have been fostered through the Mitsui network, notably in our mining business,” said Martin Nix, Position Partners Chief Executive Officer.

“Mitsui has also enabled collaborations for two of our key services: Tokara, construction site remote access and data transmission solution; and AllDayRTK, our national GPS network.

“Supporting new growth opportunities and leveraging our capabilities will provide an even better experience for customers.

“Mitsui recognises that our ability to deploy solutions to sites with various types of machinery, systems and software is critical to realising the full potential of digital innovation in the construction, mining and geospatial industries,” Nix said.

To ensure continuity, the existing Position Partners executive team remains. The Board will include three nominee Directors from Mitsui.

Key system and product suppliers have endorsed the change.

“Mitsui looks forward to building on the already strong collaborative relationship we enjoy with the Position Partners team, working together toward our shared strategic goals to accelerate digital transformation and contribute to sustainable futures,” said Koichi (Marcos) Wakabayashi, Operating Officer, Mobility Business Unit 1, Mitsui & Co Ltd.

“This announcement represents an exciting next step in our company’s evolution and growth. More opportunities for customers, employees, suppliers and partners can be expected,” Nix said.

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