The agreement includes a minority investment by Sumitomo Corporation in BIA Group.
BIA Group and Sumitomo Corporation announced today that the companies have entered a strategic partnership that will enable to further grow their business and generate synergies.
BIA Group, supplier of construction machinery from Overijse, is the exclusive distributor of Komatsu equipment and other OEMs (Original equipment manufacturers) in Africa and in the Benelux region.
Sumitomo Corporation operates a diverse portfolio of businesses globally, including a longstanding experience in the distribution of Komatsu equipment and rental of equipment.
By combining BIA Group’s and Sumitomo Corporation’s expertise, the partnership will enhance both companies’ market reach and efficiency.
Specifically, Sumitomo Corporation will gain exposure to the Mining and Construction machinery market in the European and African geographies served by BIA Group, while BIA Group will benefit from Sumitomo Corporation’s global network and its experience in the distribution of Komatsu equipment in complementary geographies.
“We are very proud of the interest and trust shown by Sumitomo Corporation in partnering with BIA Group”, says Vincent Bia, CEO of the BIA Group. “This partnership allows BIA Group to set up new ambitions in the growing African market. By leveraging both companies’ long experience in the distribution of Komatsu equipment, we will be able to strengthen our market position by offering innovating solutions to our customers in the Construction, Mining, Transport, and Energy segments.”
