CEMEX Ventures, the corporate venture capital unit of CEMEX, has announced that it has signed a collaboration agreement with TEKFEN Ventures, the investment fund of TEKFEN. TEKFEN is a Turkish industrial conglomerate that works in the construction, agriculture, manufacturing, and real estate sectors. Both companies have agreed to develop synergies between the parties, with the aim of innovating the construction industry.
Both CEMEX Ventures and TEKFEN Ventures are committed to sharing their experience, with one goal: fostering innovation in the construction and real estate industries. 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. This will be done with a global focus. In addition, they will coordinate agendas and events organised by each party, while developing joint events and participating in the subsequent editions of events in a coordinated manner.
CEMEX Ventures and TEKFEN Ventures will facilitate the search for and implementation of innovative projects and solutions, by giving visibility to startups that they are aware of and which might be of interest to the other. By strengthening the flow of exchange of new business models, entrepreneurs will have access to a greater number of investors to support their solution.
They create a good partnership because of their shared vision for the industry in which they operate, their international presence, and their strategic positioning as corporate venture capital units that aspire to strengthening their network. In this way, the development of a community of experts made up of leading companies in the construction industry is evident.
“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,” said Gonzalo Galindo, CEO of CEMEX Ventures. “TEKFEN Ventures also has to complete its vision of the entire value chain and is a good partner to drive the construction revolution.”
“We are excited to partner with CEMEX Ventures, a peer that shares our vision of a more productive AEC industry,” said Sinan Uzan, President of TEKFEN Ventures. “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.”
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 revolutionise the sector.
Read the article online at: https://www.worldcement.com/the-americas/28032019/cemex-ventures-signs-collaboration-agreement-with-tekfen-ventures/