New strategic partner for Asia invests $2 million in Librixer
Librixer AB and Singapore-based Polaris Innovation Pte Ltd. have formed a new strategic partnership to bring Librixer’s technology to the Asian market with a primary focus on the food sector. Polaris Innovation has invested $2M in Librixer in conjunction with entering this partnership.
A mutual ambition and a logical next step is the establishment of an Application Center in Asia to serve as a platform for the Asian market entry.
Polaris Innovation was founded in Singapore by Henry Soesanto, the CEO of Monde Nissin with HQ in the Philippines (the owner of Quorn), Petteri Makitalo who is the founder of CocoLibre Corp. and Martial Beck, Director of Polaris Innovation.
During his recent visit to Librixer in Sweden to learn more about the technology and to discuss future cooperation, Martial says he has a “very strong confidence in the micronization technology of Librixer and its ability to “make more with less”.
As a result of the partnership Mr Henry Soesanto, the CEO of Monde Nissin has entered the board of directors of Librixer.
“We are extremely happy to have access to our new partners’ expertise within our focus area food. Based on Polaris Innovation’s market presence combined with Librixer’s unique technology and solutions, this partnership provides a platform for an expansion of our business in the Asian region” says Christine Bjärkby Chairman and CEO Librixer.
