Hurriyet Daily News – Mitsui & Co., one of Japan’s largest general trading companies, acquired a 30 percent stake in Koç Holding’s technological investment company Inventram.
Inventram started its activities in 2010 and focuses on technological innovations for entrepreneurs, inventors, and companies. The company also provides solutions and consulting services for start-ups.
Vice Chairman of Koç Holding Ali Koç stated that the deal with Mitsui will allow Koç to transfer the Japanese company’s know-how to Turkey, adding that Koç Holding considers these kinds of technological advancements to be a “national issue”.
Acknowledging that talks between Inventram and Mitsui started 24 months ago, Koç also said that their partnership with Mitsui is a good example of foreign investors’ continuing interest in Turkey.
Naotaka Hayashi, president of corporate planning at Mitsui & Co Europe, said at the partnership signing ceremony that the potential of Turkey’s economy was the main driver of Mitsui’s investment. He added that Koç's expertise and Mitsui’s global business network will provide good synergy.
Inventram’s investments include a robotic touch sensor and a revolutionary device that will reduce the possibility of death from internal bleeding in traumatic injuries. With the participation of Mitsui, the company will also operate in the fields of electronics, integrated systems, artificial intelligence, and sensors.
In the joint press conference, it was stated that this partnership is just the starting point of further cooperation among the two companies.