We present you with the list of successful joint ventures examples (international and domestic). Insider Monkey has recently published an arresting article about it. A joint venture means when two or more companies join in to earn money by investing in a mutual project of some sorts. For instance, in 2011 Ford and Toyota worked together to produce hybrid trucks. This also would be an example of an international cooperation. Should the companies originate from the same country, that is called a domestic joint venture. If you are thinking of creating one, you must be extremely careful and meticulous when constructing and signing the joint venture agreement, a document that defines the conditions of the alliance and can often be the reason for your success or your doom.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three successful joint ventures examples (international and domestic) from their list.
The first one is IHS Holding and MTN Nigeria.that is a tower building company, while MTN is a telecommunication company. Tower sharing is something that has become quite common in Africa. Good coverage of a mobile network is what brings telecommunication companies money, and in this case in 2014 the venture committed to $500 million for tower upgrades in order to ensure profit for both partners. The second joint venture on our short list now is Victus Networks. Victus Networks is a company created by two domestic rivals, Vodafone Greece and Wind Hellas, and it has been designed to bring money to both companies. Victus Networks employs more than 250 engineering staff from Vodafone, while Wind Hellas was going to invest over 150 million euros in construction and equipment. At last, but not least let’s check out Indian Oil Skytanking. IndianOil Skytanking Limited (IOSL), is a joint venture company which emerged from an agreement between Indian Oil Corporation Limited (IOCL) and M/s Skytanking Holding GmbH, Germany (ST) with equal equity participation. It has existed since 2006 and it is in charge of jet fuel. Practically, IOSL refuels one aircraft every two minutes.
For any further useful information, read Insider Monkey’s article about 10 successful joint ventures examples (international and domestic).