Mitsui & Co., a Japanese conglomerate with businesses spanning energy, infrastructure, and mobility, has acquired an 18.5% stake in ACI Motors, a subsidiary of Bangladesh's ACI Group that leads the country's agricultural mechanization and automobile distribution sector. First reported by TBS, the $22.75 million deal marks Mitsui's first significant entry into Bangladesh, one of Asia's fastest-growing markets, and strengthens both companies' positions in the country's expanding automotive and agricultural sectors.
Why it matters: The deal gives Mitsui an entry point into Bangladesh's fast-growing market of 170M people, while helping ACI Motors expand globally.
By the numbers:
The details: Mitsui purchased the stake through its Singapore subsidiary, closing the deal on November 29. Two senior Mitsui executives will join ACI Motors' leadership.
Behind the scenes: ACI Motors, launched in 2007, is a subsidiary of ACI Group — one of Bangladesh's largest conglomerates with diverse interests in pharmaceuticals, consumer goods, retail, and agriculture. The company assembles and distributes vehicles and equipment from global brands like Yamaha, Yanmar, Sonalika, and Foton.
What's next: ACI Motors plans to:
The big picture: Mitsui sees Bangladesh as a strategic growth market, particularly for:
