SmartEquip launched its services, which will be operated in partnership with Tokyo-based Diamond Construction Equipment, in the Japanese market. The SmartEquip Network is now fully operational in Japan, with multiple Japanese suppliers already having gone live and the first Japanese rental company having entered the pilot phase.

SmartEquip and Diamond Construction Equipment finalized the terms of their partnership in March of 2020 and then fully internationalized and commercially launched the platform in the Japanese market. Several Japanese suppliers have joined the network alongside manufacturers that were already active in North America and in Europe and that are seeking to expand their reach in and support of the Japanese market.

“SmartEquip has long sensed tremendous opportunity in Japan,” Alexander Schuessler, founder and president of the international group at SmartEquip, said. “Rental penetration rates are very high, equipment ownership runs long and operational efficiency and equipment lifecycle management improvement have a monumental impact on profitability, both for rental companies as well as the manufacturers who supply and support them. These factors together represent the perfect setting for our value propositions.

“Prior to entering into definitive partnership agreement in Q1 2020, we worked with Diamond Construction Equipment for three years to forge a strategy for the Japanese market. It is extremely gratifying to witness the SmartEquip Network commercially operating in Japan and to see a daily increase in the number of orders running through our platform. We thank the Diamond team for the close partnership we were able to build together, for the vision we jointly formed for this industry and for the learning our two companies experienced, both together and from one another.”

“We are very pleased to bring SmartEquip technology to the Japanese rental industry,” Tatsuo Miyazawa, CEO of Diamond Construction Equipment, said. “Rental companies in Japan have long known that technology can improve profitability by reducing labor costs and by increasing the financial utilization of equipment. It is exciting to be able to launch these opportunities for profitability in our market and to do so with an elegant technology solution that is both easy to implement and very user friendly. We thank SmartEquip for our partnership and look forward to expanding this footprint very quickly together over the next couple of years.”

SmartEquip is a provider of equipment lifecycle management, service and procurement support for the global construction industry.