Japanese trading house Mitsui & Co. (TYO:8031) has acquired the positioning distribution and paving consultancy business of Synergy Group, through its subsidiary Aptella.
Mitsui says the acquisition makes it the largest positioning and automation solutions provider in the Oceania region and strengthens its presence in the construction and infrastructure sectors across New Zealand and Australia.
In 2019, Mitsui made an initial investment in Aptella (formerly Position Partners), the largest technology solutions provider for the construction, mining, and geospatial sectors in Australia.
Since then, the Japanese trading house has increased its shareholding in the business and worked to develop growth strategies with Aptella.
Mitsui has now positioned Aptella as a core company in its “construction and mining solutions business cluster”.
It is anticipated that the similarities between the New Zealand and Australian market characteristics and customer applications will bring about strong alignment and collaboration between Aptella’s operations in both countries.
In Australia, Aptella will leverage its existing network and technical team to expand the road pavement construction services offered by Synergy for infrastructure projects.
Mitsui will continue to expand its positioning and automation business for the construction and mining sectors through Aptella “to address social issues and contribute to the realisation of enhanced quality of life’, one of Mitsui’s materiality initiatives”.
Images: Mitsui
