Announced
Completed
Synopsis
True Value Capital Partners, an investment services provider, completed the acquisition of TEMSA, a coach, bus and light truck manufacturer, from Haci Omer Sabanci, an industrial and financial conglomerate, for $140m. "One out of every three buses in Turkey is manufactured by TEMSA, which has exported over 15,000 vehicles to 66 countries to date. With a total of 5,000 buses and coaches in France alone, TEMSA's presence in Europe spans important markets that include Germany, the U.K., Italy, Austria, Sweden, Lithuania and the Benelux countries. TEMSA currently has three electric models ready for serial production: the 9-meter 'MD9' and the 12-meter 'Avenue Electron' and 'Avenue EV'," Hasan Yıldırım, TEMSA CEO.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.