New Zealand construction company Fulton Hogan has teamed up with Netherlands-based Heijmas, it was announced today.
The two civil construction companies will share products and intellectual property in the markets in which they operate.
The agreement was signed in Sydney today as part of the Dutch economic mission to Australia and New Zealand, in the presence of the King and Queen of the Netherlands, King Willem-Alexander and Queen Máxima.
Fulton Hogan managing director Nick Miller said technology transfer between the two companies was an effective way of bringing proven products to market.
"Our strategic alliance with Heijmans means we can help each other market products and adapt them for use in the countries in which we operate. The agreement could see us making complete end products or semi-finished products, sharing IP for asphalt mixes or production techniques, as well as providing our people in a consultancy capacity on specific projects."
Heijmans managing director Joziene van de Linde said the alliance would benefit the two companies' customers by broadening the range of innovative products they could offer.
"We are delighted with this agreement. It enables us to offer our products in Australia and New Zealand in an efficient way. Rather than establishing a company, we will work closely with Fulton Hogan which already has an established and respected presence in these countries.
"Formalising the alliance today is the first step towards developing a licensing agreement with Fulton Hogan for our products."