Home repairs business HomeServe has invested an initial \u00a32m into a Japanese joint venture with Mitsubishi Corporation.<\/p>\n
The deal was signed earlier today in Tokyo and gives HomeServe a foothold in a market with 53m homes.<\/p>\n
The joint venture will be called HomeServe Japan Corporation and will be 50:50 owned by Walsall-based HomeServe and Mitsubishi Corporation.<\/p>\n
Barry Gibson, chairman of HomeServe, said: “Recent liberalisation of the gas and electricity markets, together with access to the water market for private concessions, has created a positive environment for HomeServe’s utility branded home assistance model.<\/p>\n
“Our priorities are to put in place our start-up staff, work with MC to identify and sign our first affinity partnerships, and begin market testing.”<\/p>\n
HomeServe Japan Corporation will build a business to provide home emergency and repair services in electrics, plumbing, gas, heating, ventilation and air conditioning.<\/p>\n
The business will be based on a membership model, and will also offer on-demand services to residential customers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Deal with Mitsubishi follows liberalisation of Japan’s utility markets<\/p>\n","protected":false},"author":18,"featured_media":2026522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"coauthors":[81],"class_list":["post-2026521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-featured-story"],"yoast_head":"\n