According to The Australian Financial Review, the portfolio shuffling at Mitsui & Co has sprouted more buying, with the company increasing its minority shareholding in privately-held Australian positioning and site automation business Position Partners to a controlling stake.
The Japanese investment house first invested in Position Partners in 2019, and said it upped its position after strong business performance.
Position Partners was founded in 2008 and distributes and supports positioning solutions for geospatial, construction and mining projects.
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