*This is a machine-translated text of the original article.

Mitsubishi Corporation and ALSOK announced that they agreed to a capital-and-business alliance for the Facility Management (FM) business in Japan and abroad.

In Japan, MC acquired 33.4% of ALSOK Souei, a consolidated subsidiary in ALSOK that handles FM business and security. Overseas, MC established two FM operating companies in Singapore (Mitsubishi Corporation: 70%, ALSOK:30%). Through this joint venture, MC aims to enter the Southeast Asian market, starting with the Thai market.

Under this alliance, the two companies will not only achieve high levels of efficiency and labor savings in building management operations, but also aim to expand the scale of operations in the FM business by providing high-value-added services and solutions, such as improving comfort and convenience for tenants and users, and ensuring the safety of entire building.

In Southeast Asia, the company plans to gradually expand from Thailand, where it has a customer base in Mitsubishi Corporation’s industrial segments and a customer base in ALSOK’s electronic security business, to other Southeast Asian countries.

The alliance will contribute to solving social and environmental issues in Japan and Southeast Asia by comprehensively developing services that provide safety and security, including BCP, in addition to smartening buildings and facilities, such as energy conservation and labor saving.

Original Text: https://ampmedia.jp/2020/03/30/mitsubishi-alsok/