The deal, which includes an investment by Mitsui in the IP consultancy will “support Novagraaf’s strategy to transform the way IP owners in Japan protect and create value from their IP assets”, according to the Novagraaf
The company has established an office in Tokyo led by Arjen van Blokland, managing director of Novagraaf in Japan.
Lutgarde Liezenberg, CEO of Novagraaf, said the company was proud of the new agreement and that it was an endorsement of its growth strategy and the Novagraaf team.
Blokland commented: “Novagraaf and Mitsui are well-suited to work together to bring IP solutions to Japan.”
“We believe that Japanese customers are looking for greater choice from IP service providers and we look forward to meeting that demand.”
Takuji Fukaya, general manager of the business promotion division at Mitsui, added: “Mitsui works closely with our clients to maximise the return on intangible assets such as IP.”
Fukaya added: “Having a professional and innovative partner to support our client’s IP is of the utmost importance to us. With their track record and long history Novagraaf is an excellent choice of partner.”
This is the second major investment in Novagraaf in 2017, with private equity firm Paragon Partners acquiring a majority stake in Novagraaf earlier this year.