For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819 - Contact form
Main Contents
Mitsui & Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kenichi Hori; hereinafter "Mitsui") has completed the full acquisition of Inversiones Mitta SpA (CEO: Ignacio Correa; hereinafter "Mitta"), the holding company of Chile's largest fleet management company*1, Autorentas del Pacífico SpA. Mitsui initially increased its ownership stake incrementally to 60% in 2021, then 80% in 2022, and has now acquired the remaining shares to achieve 100% ownership.
Mitta currently operates approximately 27,000 vehicles and employs around 1,100 people in Chile. The company provides automotive operating lease services (BtoB) to sectors including mining, energy, agriculture, forestry, fisheries, and retail, as well as car rental services (BtoB and BtoC). Since Mitsui's initial investment, both companies have collaborated on implementing digital platform solutions, particularly in connected fleet*2 systems. Going forward, Mitsui and Mitta will promote the following initiatives:
- Expansion within Latin America (accelerating synergies with Mitta Peru operations in neighboring Peru).
- Promoting carbon neutrality initiatives, including the introduction of EVs, FCVs (Electric Vehicles / Fuel Cell Vehicles), and biofuels.
- Utilizing connected fleet technologies to enhance customer safety and operational efficiency.
- Providing fleet management services that align with changing customer needs in Latin America and other regions.
With Mitta becoming a wholly owned subsidiary, Mitsui aims to leverage its global network and comprehensive capabilities to expand business scale and respond effectively to the diversifying needs of its customers.
*1 Fleet management involves comprehensive vehicle management, including insurance, taxes, and maintenance, supporting customers' vehicle operations through leasing and rental services.
*2 Connected fleet refers to integrated systems that manage vehicle locations, operational status, maintenance conditions, and driving data, thereby improving operational efficiency and safety.
Company Profile
| Official name | Inversiones Mitta SpA |
|---|---|
| Head Office Location | Avenida Américo Vespucio 1601 |
| Established | March 11, 1972 (Autorentas del Pacifico, main operating company) |
| Representative | Ignacio Correa |
| Number of employees | 1100 |
| Business Activities | Fleet management services (comprehensive vehicle management, including insurance, taxes, and maintenance, supporting customers' vehicle operations through leasing and rental services). |
| Website |
Vehicle Leasing at a Mining Site in Northern Chile
Maintenance workshop at Santiago Headquarters
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified six material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Establish a foundation for sustainable and stable supply” and “Create a community coexisting with nature”
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Establish a foundation for sustainable and stable supply
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Create a community coexisting with nature
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Foster a well-being society
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Cultivate societies that respect human rights
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Empower our people to build brighter futures
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Build an organization with integrity