Japan's Mitsubishi Motors acquires stake in Australia's FleetPartners Group

Aiming to expand in Australia, Mitsubishi Motors buys 5.01% of FleetPartners, which specializes in fleet management services

Mitsubishi Motors Corporation announced on June 24, 2024, its acquisition of a 5.01% stake in FleetPartners Group, as of June 19. FleetPartners, specializing in comprehensive fleet management services, caters primarily to corporate clients in Australia and New Zealand. Tatsuo Nakamura, the Executive Vice President responsible for Sales at Mitsubishi Motors, emphasized Australia as a core market for their operations. The investment aims to expand Mitsubishi Motors' sales channels and business opportunities within the country. Nakamura expressed optimism about collaborating with FleetPartners to enhance their businesses further.