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SMRT forms JV firm with 2 Getthere Holding
SMRT Corporation said on Wednesday its wholly owned subsidiary SMRT Services Pte Ltd has agreed with 2 Getthere Holding BV on April 19 the key principles and terms of a joint-venture (JV) agreement.
Under this agreement, they will market, supply and operate automated vehicle systems in the Asia-Pacific.
Pursuant to the parties' agreement, a JV company, 2getthere Asia Pte Ltd (2GT Asia), was incorporated in Singapore on Tuesday.
Following the incorporation of 2GT Asia, they will finalise and execute the definitive JV agreement within the agreed deadline.