# Mitsui acquires controlling stake in Position Partners

Mitsui & Co. agreed to acquire additional shares in Position Partners, increasing its stake from 20% to 50%+1 share, making it a consolidated subsidiary. The deal aims to expand Mitsui's solutions business for construction and mining digitization.

- Type: Acquisition
- Announced: 2022-07-07
- Where: Australia
- Status: announced
- Products: construction digitization hardware and software, geospatial data and automation technology
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Mitsui & Co.](https://endata.com/companies/10710.md) (acquirer)
- [Position Partners](https://endata.com/companies/64023.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2022/07/07/mitsui-acquires-controlling-stake-in-position-partners/), 2022-07-07: "We have positioned the solutions business to solve various challenges at construction and mining sites as a new growth area."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.