TEMSA Shifts Gears With 143 Percent Capital Increase

Temsa gears up with a capital increase of XNUMX%
Temsa gears up with a capital increase of XNUMX%

Following its acquisition by Sabancı Holding and PPF Group, TEMSA continued its export attack at full throttle, and now it has been decided to increase its capital. The capital of the company is increased from 143 million TL to 210 million TL with an increase of 510 percent. Commenting on the capital increase decision, Sabancı Holding Industry Group President and TEMSA Chairman of the Board Cevdet Alemdar said, "We are strengthening our capital in order for TEMSA to have a stronger and more competitive financial structure in both domestic and foreign markets."

Continuing its growth at home and abroad with the partnership of PPF Group, which also includes Sabancı Holding and Skoda Transportation, TEMSA Transportation Vehicles strengthens its capital. One of the leading companies of the Turkish industry for more than 50 years, TEMSA has decided to increase its capital by 143 percent. Accordingly, after the 300 million TL capital increase in cash, in which Sabancı Holding and PPF Group will participate equally, the company's capital of 210 million TL; It will be increased to 510 million TL.

A INDICATOR OF BELIEF IN TURKEY

Cevdet Alemdar, Sabancı Holding Industry Group President and TEMSA Chairman of the Board, reminded that they brought TEMSA back to the Turkish economy together with their foreign partners, PPF Group, last November, and said, “Sabancı Group is a group that has achieved strong partnerships around the world since its establishment. In this direction, we brought a significant foreign investment to Turkey, thanks to this important business we realized together with our partner PPF Group. The capital increase in TEMSA is an indication of our partner PPF Group's belief in Turkey.

THE FIRST STEP OF THE SUCCESS STORY

Evaluating the 143 percent capital increase decision in TEMSA, Cevdet Alemdar said: “As it will be remembered, we ended the concordat process at TEMSA voluntarily in the past months. At the point reached today, TEMSA has achieved serious export successes in Europe, especially in Sweden, Belgium, France and Czechia. We see these export moves as the first step of TEMSA's new success story. With the support of our new organizational structure, we have entered a period in which we will achieve greater success in foreign markets. Now, the company's capital of 210 million TL; We are raising it to 150 million TL by increasing 150 million TL in cash, 300 million TL from Sabancı Holding and 510 million TL from PPF Group. Accordingly, we are strengthening our capital in order for TEMSA to have a stronger and more competitive financial structure in both domestic and foreign markets.”

Cevdet Alemdar said, “Today, TEMSA is a brand that has proven itself in electric buses and autonomous vehicles. At the beginning of last January, we exported our first electric bus to Sweden. This means: Today, we sell our electric vehicles, which we produce in Adana, to a country that has had a say in the field of electric vehicle technology in the world, together with its own software and batteries. Operating under the umbrella of our partner PPF Group, Skoda Transportation has a great global experience in electric transportation solutions. This knowledge and experience will further pave the way for TEMSA to expand its product range and markets in the coming period.”

ŠKODA TRANSPORTATION AND TEMSA SYNERGY

Ladislav Chvatal, Vice President of Strategic Projects of PPF Group, drew attention to the synergy between Skoda Transportation and TEMSA in TEMSA's new growth plans and said: “As PPF Group, we aimed to create synergy with Skoda Transportation while investing in TEMSA. In this sense, Skoda Transportation's contribution to TEMSA is electric and hydrogen fuel cell buses… We are proud to see that Skoda Transportation, which offers modern and environmentally friendly public transportation systems, and TEMSA attract big customers from all over the world.”

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