On Monday morning it was announced that Mitsui & amp; Co. invests heavily in the Hexagon, and that the two companies have also signed an agreement on strategic cooperation.
Hexagon CEO Jon Erik Engeset expects agreement with Mitsui will be “much further” than the preliminary five years , according to TDN Finans.
– it’s a long term relationship that will last for a minimum of five years, but we expect it will last much longer than that, says Engeset news agency.
Engeset emphasizes that it was not feasible for Mitsui to buy a greater share in Hexagon.
– We perceive it that this is consistent with Mitsui’s investment strategy is to have minority stakes. They do not want or intend to control us, he said to the news agency.
He said that Hexagon has had a commercial partnership with Mitsui for a long time, where the company acts as an intermediary, consultant and “build bridges” between Hexagon and prospects. It is a collaboration that will increase after the strategic agreement.
– We will work closely with Mitsui and chart their businesses in various geographical markets and agree on a select list of the opportunities we will prioritize, he says .
Hexagon boss highlights Mitsui’s central position in carbon fiber and automotive, as well as hydrogen, as areas where there is scope for collaboration with Hexagon. He also points out that Mitsui has a completely different position in South America and Asia than Hexagon.
– The agreement gives us access to these markets and it gives us great business opportunities in these regions, says Engeset TDN Finans .
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