Borusan Group completed the acquisition of Berg Pipe from EUROPIPE for $162m.

Borusan Group, a Turkish industrial group, completed the acquisition of Berg Pipe, a steel pipe manufacturer, from EUROPIPE, one of the largest manufacturers of large welded steel pipes for the global oil and gas industry, for $162m. "Pipe manufacturing, the first industrial sector in which we operate as Borusan Holding, and its first industrial venture Borusan Mannesmann has been adding value to our country for the past 65 years. It contributes to the country's economy by way of its exports to global markets. As Türkiye's number one brand in its sector, our company has been focusing on expanding into global markets to promote sustainable growth," Erkan Kafadar, Borusan Group CEO.