Joint Venture Agreement Signed Between Otokar and Automecanica SA
Otokar, Türkiye's leading land systems manufacturer, has signed a strategic Joint Venture Agreement with Automecanica SA, a major player in Romania's defense industry. This agreement covers the production of Cobra II 4X4 armored vehicles as well as cooperation in areas such as engineering, marketing and after-sales services.
Otokar took an important step within the framework of the “2024 COBRA II ATBTU” contract signed with the Romanian Ministry of Defense in November 1059, and decided to establish a joint venture with Automecanica SA with the aim of carrying out local production in Romania and increasing its defense industry capabilities in the process.
The new company to be established will undertake engineering activities, marketing and after-sales services, in addition to manufacturing COBRA II 4×4 ATBTU armored vehicles in Romania. According to the signed agreement, Otokar Land Systems SRL and Automecanica SA will each have a 50% stake in the joint venture company.
Aykut Özüner: We Strengthened Our Presence in the Global Market
Otokar General Manager Aykut Özüner emphasized that the company is Türkiye’s largest land systems exporter and stated that this agreement is one of the most important steps in the growth strategies in the defense industry. Özüner said, “In addition to being a global player in the defense industry, we proudly carry the title of being Türkiye’s largest land platform exporter. We operate with our military vehicles that successfully serve in more than 40 countries around the world. As part of our project in Romania, we are happy to announce this step we have taken towards the establishment of our new joint venture company for the production of our COBRA II vehicles here. This step will be one of the main milestones of Otokar’s growth strategy in the defense industry and will contribute to the company’s further growth in global markets.”
Sedef Vehbi: Romania Will Become a Strategic Center
Stressing Otokar's determination to expand its presence in Europe, Otokar Military Vehicles Deputy General Manager Sedef Vehbi stated that they are ready to meet Romania's defense needs. With the joint venture to be established, Romania will be included in Otokar's European activities. will become a strategic center He stated, “We are extremely proud on behalf of both our company and our country to have signed the largest single land platform export contract that Türkiye has ever received. In line with our commitment to Romania, we carried out a comprehensive evaluation process with the aim of localizing land systems production and developing capabilities in this area. As a result of this process, we chose Automecanica SA, which stands out with its technical competence and production capacity in the defense industry, as our local partner.” Vehbi said.
Andrei Scobioala: We Will Contribute to the Development of Local Capabilities
“We are very proud and excited to serve the Romanian Armed Forces and contribute to the country’s economy through this partnership with Otokar,” said Andrei Scobioala, Chairman of the Board of Directors of Automecanica SA. Scobioala continued his words as follows: “This project, which will play an important role in the development of Romania’s local capabilities in the defense industry, is of great importance to us.”
Source: (BYZHA) Beyaz News Agency
