Dhaka, Bangladesh — Mitsui & Company, a leading Japanese conglomerate, has invested $22.75 million to acquire an 18.5% stake in ACI Motors Ltd., a subsidiary of Bangladesh’s ACI Group. The deal, signed on November 29, 2024, through Mitsui’s Singapore-based subsidiary, marks a significant move to expand ACI Motors’ global presence.
The investment is aimed at helping ACI Motors diversify its offerings and enter new markets. ACI plans to expand into sectors such as electric vehicles, rice processing, and advanced agricultural machinery. As part of the agreement, two senior Mitsui executives will join ACI Motors to leverage Mitsui’s global network and expertise.
Mitsui’s investment reflects its strategy to strengthen its position in Bangladesh, a market of over 170 million people, by supporting the growth of mobility solutions, agricultural mechanization, and infrastructure development in the country.
Founded in 2007, ACI Motors has become a key player in Bangladesh’s agricultural sector by providing advanced machinery and equipment. The company assembles products from global brands like Yamaha, Yanmar, and Foton, contributing significantly to the country’s industrial and economic growth.
Source: The Daily Star
