Dematic Acquired by KION Group

Wiesbaden, 21 June 2016 – The KION GROUP AG (“KION Group”), already one of the two largest suppliers of forklift trucks, warehouse equipment and related services, will become one of the leading global providers of intelligent intralogistics solutions by acquiring Dematic, a best-in-class automation provider and specialist in supply chain optimization, for approximately USD $2.1 billion.

The KION Group agreed with funds managed by AEA Investors and Ontario Teachers’ Pension Plan as the sellers on this landmark transaction to create a true global provider with close to 30,000 employees, more than € 6.7 billion in revenue for the calendar year 2015 and a strong profitability with a combined adjusted EBIT margin of approx. 9.4 per cent for this period. After deductions for certain liabilities, the KION Group expects the purchase price for the shares to amount to approx. USD 2.1 billion, based on an enterprise value of Dematic of USD 3.25 billion.The transaction is subject to customary closing conditions and regulatory approvals and is expected to be closed in the course of the fourth quarter of 2016.

Air Liquide Buys Airgas For $13.4 Billion

In one of the largest industrial acquisitions in recent years, Air Liquide has agreed to purchase Airgas for $13.4 billion, the companies announced Tuesday.

The move will significantly strengthen Paris, France-based Air Liquide’s industrial gas supplying position in North America. Bloomberg reported Tuesday that with the deal, Air Liquide becomes the world’s largest industrial gas supplier by sales, leaping Linde AG, Air Products & Chemicals, and Praxair.

The purchase price of Airgas was $10.3 billion, and Air Liquide is also assuming $2.8 billion of Airgas debt.

Air Liquide has operations in 80 countries, supplying gas to a range of markets. Air Liquide has more than 140 industrial gas plants in the U.S., with its American headquarters based in Houston. The company had $16.4 billion in 2014 revenue.

Airgas – No. 9 on Industrial Distribution‘s 2015 Big 50 List – had 2014 sales of $5.37 billion. The company’s 2015 first quarter posted a 3 percent year-over-year sales increase, including a 2 percent increase in organic sales, while profit dipped 0.7 percent. In Q2, sales dipped 1.2 percent year-over-year while profit was flat.

C. H. Robinson Acquire in $365M Deal

C.H. Robinson ,  third-party logistics provider , has acquired for $365 million in cash, according to a press release.

Vacon has been acquired by Danfoss Group

The global AC drives manufacturer Vacon is now part of the Danfoss Group, effective 1 December 2014. In September 2014, Danfoss announced a public tender offer to acquire all the shares of Vacon. By the end of November, Danfoss obtained approvals from all the relevant authorities, and has now acquired more than 90% of Vacon shares and voting rights in Vacon.

The combination of Vacon and Danfoss will create one of the world’s leading players in the drives market, leveraging the best of the two companies. Vesa Laisi will be the President of the new business segment named Danfoss Drives. He will also continue as the President and CEO of Vacon Plc.

“Combining two strong and innovative AC drives companies will give customers an even more competitive, innovative and attractive offering of AC drives. Joining forces also means that the new business will be able to invest further in both R&D and in the sales force, which is a key success factor in our business,” says Vesa Laisi, President and CEO of Vacon.


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Important acquisition

Georg Fischer announced today the acquisition of a majority stake in Hakan Plastik A.S. in Cerkezköy (Istanbul, Turkey). Hakan Plastik is the leading provider of plastic piping systems in the building technology and water infrastructure markets in Turkey, the Middle East and Eastern Europe. Together, GF Piping Systems and Hakan Plastik provide a unique platform for further growth in the whole region.

Georg Fischer is to acquire a majority stake in Hakan Plastik in Cerkezköy (Istanbul, Turkey), with an option to acquire the outstanding shares. The current management team will remain in place under the supervision of the current owners to guarantee the continuity of the company’s successful operations and execute the significant synergies with Georg Fischer. Closing is anticipated for July 2013. The parties have agreed not to disclose financial details of the transaction.

Hakan Plastik was founded in 1965 by the Karadeniz family. With a focus on technological innovation, the company has continuously expanded its presence in the manufacturing and sales of plastic piping systems for the building technology, water and gas distribution as well as irrigation applications.

In 2012, the company generated sales of CHF 105 million (TRY 200 million) with a workforce of approximately 650 people. Its production sites are located in Cerkezköy, about 100 km north-west of Istanbul, and in Sanliurfa (Anatolia, Turkey). This second plant was opened in early 2013.

GF Piping Systems, a division of Georg Fischer, is a global supplier of plastic piping systems for the conveyance of liquids and gases in industry, building technology and utility applications. With over 5,000 employees, GF Piping Systems generated sales of about CHF 1.3 billion in over 100 countries in 2012.

Yves Serra, CEO of Georg Fischer, stated: “We warmly welcome Hakan Plastik to Georg Fischer. The company has an excellent track record. It ideally complements GF Piping Systems with its location at the center of promising growth markets and brings a wealth of new products which greatly enlarge our offering. The acquisition is a key milestone in the implementation of our strategy.”

Zafer Karadeniz, Chairman of Hakan Plastik, said: “Becoming part of Georg Fischer, the worldwide leading piping systems supplier, supports our ambition to rapidly extend our reach. We are excited about this great step and we are confident that we will add value to Georg Fischer.”

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Kollmorgen Acquires Turkish Automation Specialists Elsim Electrotechnical Systems A.S.

Ratingen, 21 March 2013 – Kollmorgen has acquired Turkish-based Elsim Electrotechnical Systems A.S. Elsim is a family-run, value-add motion control solutions provider with nearly 25 years’ experience delivering turnkey solutions for Turkish and Eastern European OEMs (Original Equipment Manufacturers). Elsim clients include 60 of the top 100 companies in the Türkish Industrial First League. This acquisition reinforces Kollmorgen’s commitment to delivering industry-leading expertise, technology and products to machine builders in these regions and throughout the world.

Founded in 1989 in Istanbul, Elsim has a storied history of successfully designing, programming, installing and commissioning complete machine automation solutions, engineered from the product portfolio of numerous reputable manufacturers, which serve as the foundation of superior performing machines. Elsim will continue business as usual with its technology partners; this acquisition simply brings the motion expertise of Kollmorgen to the table for Elsim customers.


Kollmorgen is a leading provider of integrated automation and drive systems with their corresponding components for machine engineers all over the world. With over 70 years of experience in motion-control design and application and established know-how in structuring standard and customized solutions, Kollmorgen again and again supplies solutions that stand out as regards performance, quality, reliability and simple operation. Through these, customers can achieve an unquestionable market advantage.


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Eaton Completes Acquisition of Turkish Hose Manufacturer Polimer Kauçuk Sanayi ve Pazarlama A.Ş.

CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today announced it has completed its acquisition of Polimer Kauçuk Sanayi ve Pazarlama A.Ş., a Turkish manufacturer of hydraulic and industrial hose. The company’s headquarters are located near Istanbul and many of its products are sold globally under the SEL Hose brand. The transaction was announced February 24, 2012.

Polimer Kauçuk Sanayi ve Pazarlama A.Ş.’s primary markets include construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals. Founded in 1957, the business employs 2,100 people and had 2011 sales of approximately $335 million.

Eaton Corporation is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 sales of $16.0 billion, Eaton is a global technology leader in electrical components, systems and services for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 72,000 employees and sells products to customers in more than 150 countries.


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Mapei SpA

02 04 2013 Milan, Italy – Mapei SpA – a worldwide leader in manufacturing chemical products for the building industry that produces more than 1,400 products for more than 55,000 clients all over the world – now operates 63 plants in 31 countries on five continents, thanks to the acquisition of 100% of the Turkish company Wallmerk Construction Chemicals Building Industry and Trade, Inc. Founded in 2007, Wallmerk Construction is located in in Polatli OSB, one of the most important industrial zones in Ankara, which is a strategic area for Turkey. The company is located on a total surface of 247,569 sq. ft. (23 000 m2), with 53,819 sq. ft. (5 000 m2) of covered space. It is active in the production and trade of chemical products for the building industry, with a wide range of more than 200 products. Their offerings include waterproofing systems, special mortars and mortars for anchoring, tile adhesives and grouts, materials for thermal insulation, indoor and outdoor coatings, industrial floorings and other construction materials. In 2012, the company reached a turnover of more than 10 million Euros.


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Beijer Electronics Strengthens its Market Position in Turkey

03.05.2013 As of today, Beijer Electronics (STO:BELE) has acquired the Turkish automation company Petek Teknoloji Ltd. Petek Teknoloji Ltd. was established in 2005 and is a full range automation supplier on the Turkish market. Since 2005, Petek Teknoloji Ltd. has been Beijer Electronics’ distributor in Turkey, and has a yearly turnover of 2 MUSD in 2012.

The acquisition gives Beijer Electronics access to a growing market with on-going investments in the automotive, water and water treatment industries, segments where Beijer Electronics both possesses deep knowledge and offers a wide range of products and solutions. In addition, it also creates a good platform for future expansion, both eastwards and towards the Middle East.

“Besides creating a good base for geographical expansion, Petek Teknoloji Ltd.’s automation knowledge and market position as a full range automation supplier, gives us a direct in-road  to the market for Beijer Electronics’ complete product portfolio. Equipped with a wider product offer from Beijer Electronics, we expect Petek Teknoloji Ltd. to gain even greater success on the market in the future”, explains Fredrik Jönsson, CEO, Beijer Electronics.

Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 22 countries and sales of 1,367 MSEK 2012. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.


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E.ON and Sabanci strategic partnership in Turkey

E.ON SE, Düsseldorf, today closed its acquisition of 50 percent of Enerjisa Enerji A.S. from Vienna-based Verbund AG, completing the asset-swap agreement the two companies signed in December 2012. In return, Verbund acquired E.ON’s interest in a number of hydropower stations in Bavaria. E.ON and its strategic partner Sabanci, a major Turkish conglomerate that owns the other 50% of Enerjisa, will now work together to realize their ambitious plan for Enerjisa which reflects the shareholders’ strong commitment to the Turkish market. On finalization of the privatization process for the Ayedas and Toroslar regions, Enerjisa’s distribution companies will have a substantial customer base of 9 million, while in generation Enerjisa plans to reach 7.5 gigawatts of capacity in operation by 2020.

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Nitto Denko acquires Turkey’s No.1 tape maker Bento

2012.04.18 Japan’s leading diversified materials manufacturer Nitto Denko Corporation announced today that it has reached an agreement to acquire Bento Bantçılık ve Temizlik Maddeleri Sanayi Ticaret together its sales subsidiary Bento Pazarlama ve Ticaret (“Bento”), Turkey’s leading manufacturer of industrial tapes. With Bento joining its global network, Nitto Denko aims to increase within 5 years by 2.5 times its sales from tape business in Europe and other neighboring regions under its European operation by boosting the business there, centered on the emerging economies such as Turkey, Eastern Europe, Middle East and North Africa.

In today’s global economy, the bullish emerging markets are becoming increasingly important . Nitto Denko targets to achieve leading market share in multiple world regions, especially in the emerging economies, with niche products as part of its “Area Niche Top®” strategy. The company also continues to pursue its unique Global Niche Top® strategy, which aims to achieve the World’s top share in niche, globally-integrated markets.

Two years ago, Nitto Denko has set up its first Turkish subsidiary Nitto Denko Turkey Bant Materyalleri San. ve Tic., which conducts material processing and sales of tape products, in order to serve the tape product needs in bullish automotive and household appliances sectors. In the meantime, Nitto Denko has been exploring acquisition possibilities of strong tape manufacturers in the Turkish market, which may potentially strengthen its competitive position in aforesaid segments by localizing its cost effective operations and achieving an optimal supply chain.

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Angst+Pfister acquired major shareholdings

New presence in Turkey Since autumn 2012, Angst+Pfister acquired major shareholdings in two innovative and dynamic production and distribution partners: Laspar Sealings Solutions and Laspar Rubber Components & Development in Turkey. Laspar Angst+Pfister Advanced Industrial Solutions A.S. located in Bursa is a clear leader in the industry, producing high quality anti-vibration parts with bonded rubber metal components as well as a wide range of sealing elements. The company is serving the leading companies in the areas of Automotive, Industrial Machinery, Marine Industry, Railway, Agriculture and Construction Equipment. Their specialized, experienced and dynamic employees are serving international leaders from across industries by designing engineering solutions to the highest technical and quality standards.Additionally the Angst+Pfister Group has set up a distributorship for the Turkish MRO business with Laspar Trading and has entered into a cooperation agreement with the company SKY for extended production facilities. These new fields of activity leverage the synergies of Angst+Pfister’s technical engineering expertise and broad product portfolio with LASPAR’s market presence in Turkey and their high-quality production platform which leads to tremendous advantages for the international customers both of Angst+Pfister and Laspar.

Source :Swiss Chamber of Commerce in Turkey

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Huntsman Announces Acquisition of Turkish Polyurethanes Systems House

THE WOODLANDS, Texas, Dec. 30, 2011 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) announced today that it has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul, Turkey.  The EMA systems house has the capacity to manufacture polyester polyols and blend MDI polyurethane systems used primarily in the insulation, automotive, adhesives, coatings, elastomers and furniture industries.  2010 revenues were approximately $17 million.

Commenting on the sale, Anthony P. Hankins, President of the Polyurethanes division, said: “We are pleased with the acquisition of EMA.  This acquisition is part of our global strategy to strengthen our presence in key growth markets.  In 2010, Turkey’s MDI polyurethane systems grew at a rate of 13-15%.  We look forward to leveraging this demand and providing a broader product offering to customers in this region.”

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The ElringKlinger Group has acquired a 90% interest in the Turkish automotive supplier Ompas¸ A.S

The agreement on the acquisition of shares was completed on October 27, 2009, following the conclusion of negotiations with the owner family. Thus, the takeover became effective immediately. The former owner has retained an interest of 10%.

The purchase price – including liabilities incurred by Ompas¸ – is towards the lower end of the single-digit million range. Employing 45 people, the company generated sales revenue of approx. EUR 3 million in 2008. The operating margin is within the single-digit range. The core products manufactured by Ompas¸ are heat shields for the thermal shielding of a vehicle’s engine, transmission and exhaust tract. Additionally, the portfolio comprises metal components and wheel rims. Among others, the company’s customer base includes BMC, vehicle producer and Fiat importer Tofas as well as Ford Otosan.

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