Mitsui to sell its stake in OSIsoft

Maria Nikolova

The sale is expected to be completed around the end of 2020, after the necessary approvals have been obtained.

Mitsui & Co., Ltd today announces that it will sell its shareholding in OSIsoft LLC.

Mitsui acquired a 5% shareholding in OSI in March 2016. Mitsui has since supported the take-up of PI Systems developed and expanded by OSI through Mitsui’s offices and branches around the world in accordance with a memorandum of understanding concerning a strategic alliance. Mitsui has also driven the establishment of IoT solutions powered by data utilization, productivity enhancements through the use of digital technology, and business model innovation, which realized operational improvements of its global group companies along with other results.

Mitsui, together with other shareholders, recently agreed to sell its entire shareholding in OSI to AVEVA Group plc, and concluded a share transfer agreement. The sale is expected to be completed around the end of 2020, after the necessary approvals have been obtained.

The agreement was based on a corporate value of USD 5 billion (equivalent to 525 billion yen) for OSI. The sale price for Mitsui’s equity will be USD 250 million (equivalent to 26 billion yen). The expected profit from this transaction has not been reflected in Mitsui’s profit plan for the fiscal year ending March 2021.

In its Medium-term Management Plan 2023, Mitsui states that it will evolve portfolio management as its corporate strategy. This sale was executed as a part of its strategic asset recycling.

Mitsui will continue to collaborate with OSI after the sale of its shareholding, primarily through support for sales of the PI System in Japan and overseas.

The digitalization of industry is expected to accelerate. Mitsui says it will continue to create value through digital transformation, including the development of solutions based on the effective use of data, and the support for the frontline introduction and operation of those solutions.

Read this next

Institutional FX

Fiserv secures major payment institution licence in Singapore

Brookfield-based financial services technology provider Fiserv Inc has obtained nod for a Major Payment Institution license in Singapore.

Institutional FX

Finalto expands NDFs line-up with Taiwanese dollar

Finalto announced today that it has expanded its non-deliverable forwards (NDFs) offering with the addition of Taiwan’s dollar to its trading platform.


It’s time for FX to Harness Crypto’s Potential

Jonathan Cumberlidge, FX Sales Director for BVNK, makes the case for cryptocurrencies in improving the efficiency and flexibility of foreign exchange trading.

Digital Assets

Owner of OptionMint, OptionKing, and OptionQueen gets 30 months in prison

A US federal judge has sentenced Ohio resident Jared Davis, who was found guilty for his participation in a multi-million fraud scheme carried out by Israeli-run binary options websites.

Executive Moves

iS Prime co-founders Raj Sitlani and Jonathan Brewer leave, but “business as usual”

“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”


Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”