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Acquisition of Cobra II Armours. Turkish Company Otokar Has Signed the Purchase Agreement of Automechanics SA
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9 Articles
The Turkish company Otokar, which has a contract of more than 4 billion lei with the Ministry of Defence for the production of 1,000 Cobra II light vehicles, has announced that it has signed the agreement to purchase Automechanical SA and the production facility in Mediaș. Digi24.ro has reported extensively, here and here, on the controversy generated by the past of the Automechanical SA shareholders, under the conditions under which the two com…
Romania entered the radar of the international arms producers, a new transaction of 85 million euros being ticketed by the Turks from Otokar, only two years after the giant Rheinmetall bought a production facility also in Mediaş.
SKB Group announces the conclusion of the agreement to sell the majority package of shares of Automecanica S.A. to Otokar, the Turkish leader in the export of armoured ground vehicles and strategic supplier of NATO and...
The Turkish vehicle manufacturer Otokar has announced the signing of the purchase agreement for Automecanica S.A. and its production facility in Mediaș, Romania, according to a news release submitted to the press release. Automecanica produces armored products for the Romanian Army.The completion of the purchase process is conditional on obtaining approval from the local regulatory authorities."Following the process initiated in January 2026, th…
The Turkish company Otokar has signed the agreement to purchase Automecanica S.A. and its production facility in Mediaș, Sibiu County. The completion of the acquisition process is conditional on obtaining local regulatory approvals. Following the process initiated in January 2026, the agreement to purchase shares representing 96.77% of the capital of Automecanica S.A. was signed on 29 April 2026, at a value of approximately 85 million euros. "Th…
Turkish company Otokar, producer of terrestrial military vehicles and strategic supplier to NATO and to the United Nations Organization, announced a semnarea accordului de achiziție a Automecanica S.A. and a facilității de producție a acesteia din Mediaş, România, for approximately 85 million euros. “Această Investiție Reprezintă o expresie concretă a angajamentului pe termen lung al Otokar [...] Source
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