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Cleveron and ITOCHU Corporation exchanged a Memorandum of Understanding

11.02.2020 | Cleveron, ITOCHU Corporation

Cleveron’s co-founder Indrek Oolup accompanied Estonia’s prime minister on his formal visit to Japan and exchanged an MoU with ITOCHU Corporation’s COO Yoshihisa Suzuki in the presence of Japan’s Prime Minister Shinzō Abe.  

Cleveron and ITOCHU Corporation have signed a Memorandum of Understanding to boost cooperation in IT and innovative last-mile technologies. „The newly-signed agreement is an important step towards establishing a successful partnership between the two companies. Japan is one of the world’s largest and fastest-growing e-commerce markets, making it a promising target market for Cleveron in 2020,“ stated Cleveron’s co-founder Indrek Oolup. With a turnover amounting to approximately US $114 billion, the Japanese B2C e-commerce market ranked fourth on a worldwide level. „We are excited to sign the MoU with ITOCHU Corporation to further develop the collaboration of our companies,“ added Oolup. 

Prime Minister of Estonia Jüri Ratas stated that Japan is an important partner to Estonia with whom we want to establish even closer economic cooperation. “I hope that this visit will take our friendship to a new level and give a new impetus to cooperation between enterprises, exports and mutual investments,” said Ratas. 

ITOCHU Corporation, founded in 1858, is one of the largest Japanese general trading companies. It has six major operational divisions specializing in textiles, metals/minerals, food, machinery, energy/chemicals and ICT/general products/real estate. ITOCHU was ranked 65th on 2019's list of Fortune Global 500 companies with an annual trading revenue of US $104.63 billion.

Cleveron, founded in 2007, is an Estonia-based company that provides last-mile solutions for the world’s largest retailers and logistics companies. Cleveron’s 3,800 parcel terminals can be found in 24 countries across the world. On average, 1.3 million packages are delivered through the terminals each month. Cleveron’s clients include Walmart, Inditex (Zara), The Warehouse and Falabella.

Cleveron's delegation consisted of co-founder Indrek Oolup and Rauno Sigur - Cleveron's Regional Manager in Asia.

Photo credit: Government Communication Unit, Jürgen Randma

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