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acquired 82% of![]()
US $235 million
2019
Advisor to the Seller
Ulusoy Elektrik produces medium-voltage switchgear, medium-voltage distribution transformers, substation kiosks, and medium-voltage cable connection systems. The company has manufacturing facilities in Türkiye and Indonesia and employs approximately 780 people. Ulusoy had sales of US$117 million in 2018.
With 2018 sales of US$21.6 billion, Eaton offers energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. It has approximately 99,000 employees and sells products to customers in more than 175 countries.
Eaton acquired 82% of Ulusoy Elektrik for US$235 million.
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acquired 100% of![]()
2018
Advisor to the Seller
Rapro is Türkiye's leading manufacturer of low pressure automotive rubber hoses. The manufacturing and logistics facilities are located in Izmir and Manisa (Türkiye) with a total closed area of 33,000 sqm. Exports, accounting for 80% of the turnover, are destined to more than 40 countries. With over 850 new products launched every year, Rapro has a product portfolio comprised of more than 9,000 different items.
Gates Industrial Corporation is a world leader in the manufacturing of hi-tech rubber belts and hoses for industrial, hydraulic, agricultural and automotive applications. Gates has 13,500 employees at 100 locations in 33 countries.
Gates acquired 100% Rapro.
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acquired 100% of![]()
US$27 million
2018
Advisor to the Seller
Okida is Türkiye's leading designer and manufacturer of white goods appliance controls. The Company employs 80 personnel at its manufacturing site in Istanbul and sells its products to its customers in Türkiye as well as in more than 20 countries across Europe, Middle East and South America.
Sabaf based in Italy is one of the world's leading producers of components for household cooking appliances including taps, thermostats and burners. Sabaf employs more than 650 personnel in 5 manufacturing sites in Italy, Türkiye, Brazil and China.
Sabaf acquired 100% of Okida for US$27 million.