Announced
Completed
Financials
Sources
Tags
Commercial Vehicles and Parts
Completed
Friendly
Italy
buses
Cross Border
Private
Majority
Single Bidder
Acquisition
Synopsis
Otokar, a Turkish bus and military vehicle manufacturer, completed the acquisition of Mauri Bus System, a company present on the bus market. Financial terms were not disclosed. “We are thrilled to welcome Mauri Bus System as Otokar subsidiary. With this acquisition, we are elevating our successful partnership of nearly 13 years to a new level. The biggest factor behind Otokar's success has always been our customer-centric approach. We will now be closer than ever to our customers in Italy and understand their needs and expectations even better," Kerem Erman, Otokar Deputy General Manager.
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