CEMEX Ventures and TEKFEN Ventures Sign Collaboration Agreement
March 26 2019 - 4:33PM
Business Wire
- The collaboration between both
companies seeks to promote the generation of new business models
and relationships with key players in the construction
ecosystem.
- CEMEX Ventures continues to open new
collaboration agreements with leading experts and companies in the
construction, entrepreneurship, and new technology industries.
CEMEX Ventures, CEMEX's Corporate Venture Capital Unit,
announced today that it signed a collaboration agreement with
TEKFEN Ventures, the investment fund of TEKFEN, a Turkish
industrial conglomerate working in the construction, agriculture,
manufacturing, and real estate sectors. Both companies have agreed
to develop synergies between the parties to innovate the
construction industry.
CEMEX Ventures and TEKFEN Ventures are committed to sharing
their experience with one goal: fostering innovation in the
construction and real estate industries. In this way, the two
investment funds will work to invest in new technologies and
innovative solutions to drive the revolution of an industry as
traditional as the construction industry with a global focus. In
addition, CEMEX Ventures and TEKFEN Ventures will coordinate
agendas and events organized by each party, while developing joint
events and participating in subsequent editions of events in a
coordinated manner.
By giving visibility to startups that they are aware of, and
might be of interest to the other, CEMEX Ventures and TEKFEN
Ventures will facilitate the search for and implementation of
innovative projects and solutions. By strengthening the flow of
exchange of new business models, entrepreneurs will have access to
a greater number of investors to support their solution.
CEMEX Ventures and TEKFEN Ventures create a perfect partnership
because of their shared vision of the industry in which they
operate, their international presence, and their strategic
positioning as corporate venture capital units that aspire to
strengthen their network. As Gonzalo Galindo, CEMEX Ventures CEO,
states, "This type of alliance between two industries that fit
together, as well as the construction and real estate industries,
are key to finding new successful business models, TEKFEN Ventures
also has a complete vision of the entire value chain and is a good
partner to drive the construction revolution.” In this way, the
development of a community of experts made up of leading companies
in the construction industry is evident.
“We're excited to partner with CEMEX Ventures, a peer that
shares our vision of a more productive AEC industry. While TEKFEN
and CEMEX primarily operate in different geographies, working
together allows us to leverage our combined expertise to identify
and support globally impactful innovation in building materials and
technology for construction and real estate,” said Sinan Uzan,
President of TEKFEN Ventures.
The parties’ relationships with different entities will generate
stronger links within the construction, entrepreneurship,
innovation, and new technologies ecosystem. This agreement invites
new entities to continue the drive to revolutionize the sector.
About CEMEX Ventures
Launched in 2017, CEMEX Ventures focuses on helping to solve the
main challenges and areas of opportunity for the construction
ecosystem through sustainable solutions. CEMEX Ventures has created
an open and collaborative platform to lead the construction
industry revolution by engaging startups, entrepreneurs,
universities, and other relevant stakeholders to address the
industry's toughest challenges and shape tomorrow's value
ecosystem. For more information on CEMEX Ventures, please visit:
www.cemexventures.com.
About TEKFEN Ventures
Tekfen Ventures is the corporate venture arm of Tekfen Holding,
a Turkish industrial conglomerate and leader in construction and
agriculture. Tekfen Ventures invests in uniquely impactful
technology and science companies that help build, feed, and power
the world. Over the past 60 years, Tekfen has constantly been at
the forefront of its areas of expertise. Tekfen Ventures is the
next step in a long history of pioneering new technology and
leadership across the construction, manufacturing, and agriculture
sectors.
CEMEX Ventures assumes no obligation to update or correct the
information contained in this press release. CEMEX Ventures is not
responsible for the content of any third-party websites or web
pages referenced or accessible through this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190326005977/en/
Media Relations CEMEX VenturesCristina Aparicio+34
91 377 9248aparicio.cristina@cemexventures.com
Media Relations CEMEXJorge Perez+52(81) 8888
4334mr@cemex.com
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cemex SaB De Cv (NYSE:CX)
Historical Stock Chart
From Sep 2023 to Sep 2024