acquired a minority stake in
2023
Advisor to the Seller
İşçimenler Konveyör Bant is a leading Turkish conveyor belt distributor offering a wide product portfolio including conveyor belts, transmission and timing belts. The Company serves to blue-chip customers in Türkiye catering to more than 20 end-markets including food & beverage, packaging, machinery & equipment, white goods and automotive.
Established and headquartered in Italy, Elatech is one of the leading manufacturers of polyurethane conveyor belts for industrial applications, with a presence in 3 continents through a network of qualified distributors.
Elatech acquired a minority stake in İşçimenler.
acquired 100% of
2023
Advisor to the Seller
MNG Kargo is a leading Turkish parcel delivery company with over 800 branches and 10,000 employees across the country delivering 600,000 addresses per day. Since 2017, MNG Kargo is owned by two prominent financial investors, Turkven and Sancak Group.
DHL Group is one of the world’s leading logistics companies and home to two strong brands DHL and Deutsche Post employing approximately 600,000 people in over 220 countries and territories worldwide with 2022 revenues of more than 94 billion euros.
Turkven is the first independent and one of the largest private equity firms in Turkey having more than 5 billion dollars of investments in 27 companies.
Sancak Group is a family investment office established and managed by Sancak family members.
DHL Group acquired 100% of MNG Kargo.
acquired 100% of
2023
Advisor to the Seller
Murat Ticaret is a leading global manufacturer of cable harnesses and battery cables primarily serving agricultural, commercial and industrial vehicle markets. Murat Ticaret operates 15 factories and employs around 4,000 personnel.
Volex is a global producer of power cords and a leading producer of electric vehicle charging cables and cable assemblies primarily serving a diverse range of markets with particular expertise in data center power and connectivity, consumer electronics, electric vehicles, and healthcare equipment. Volex operates 19 factories in 22 countries and employs around 8,000 people.
Volex acquired 100% of Murat Ticaret.
