Investment in Hiboo, a French Startup Providing Industrial Equipment Data Solutions for the Construction Sector
- Investment and Alliance
Nabtesco Corporation (Headquarters: Chiyoda-ku, Tokyo; President: Kazumasa Kimura) hereby announces that it has invested through its corporate venture capital firm Nabtesco Technology Ventures L.P. (Managing Partner: Hiroshi Nerima) in Hiboo systems, SAS (hereinafter, “Hiboo”), a French company that provides an integrated, one-stop window to equipment data for contractors and construction managers.
Hiboo is aiming to improve productivity and profitability in the construction industry by centrally utilizing data from construction machinery. Currently, although most assets and equipment on construction sites are connected, there is no solution available to centrally manage data from different machinery. This creates a barrier to effectively utilizing the data.
In response to this problem, Hiboo has developed and provided a platform that centrally manages over 80 data sources obtained from their large catalog of integrations with OEMs, telematics systems, sensors, and more. Their service already covers construction machinery in over 50 countries and approximately 50,000 units. Through this investment, Nabtesco will be able to quickly gather feedback on the performance and other needs of its products and utilize it for future product development.
Nabtesco will continue to contribute to the digital transformation of various industries through its CVC activities.
【Overview of Hiboo systems】
|Hiboo systems, SAS
|Name and title of representative
|Clément Bénard, Co-founder and CEO
|Address of the head office
|6 Place du Colonel Bourgoin 75012 Paris, France
|All-in-One Data Platform for Construction Equipment
■About Nabtesco https://www.nabtesco.com/en/
Nabtesco was established through the integration of Teijin Seiki Co., Ltd. and NABCO Ltd. in 2003. Based on its unique motion control technology, Nabtesco manufactures components for machines to support the automation of production facilities and to provide safety, comfort and a sense of security for land, sea and air transportation. The company is proactively promoting co-creation, including fostering joint development with startups through CVC.