PR

BIMobject completes establishment of Japanese subsidiary BIMobject Japan, Inc.

Louise Otto - 2017-12-27


On the 10th of October 2017, BIMobject announced that the corporation had signed an agreement with Nohara Holdings, Inc. (”Nohara”) to establish a Japanese subsidiary: BIMobject Japan, Inc. Today, BIMobject announces that the establishment of the Japanese subsidiary has been completed with BIMobject owning 51% of its shares and Nohara owning 49% of its shares. BIMobject has also invoiced the first guaranteed minimum licence fee for BIMobject technology and platform in the amount of 1 million USD to be paid annually by the subsidiary during the first three years of operation.



“We’re very proud to establish a subsidiary in Japan. The nation’s market is large and interesting, with the construction industry facing a digitalisation revolution. Since we announced our plans to establish a Japanese subsidiary back in October, we’ve been working hard to get all the formalities in place, which has finally been achieved. I look forward to what lies ahead and to realising the potential we see in the Japanese market”, says Stefan Larsson, CEO and founder of BIMobject.


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