The Turkish manufacturer will come back to business thanks to Škoda Transportation, a leading European company in the production of trains, subways, trolley buses and low-floor tramways. This was announced by the Temsa from the pages of its website, pointing out that “ExSa, a subsidiary of Sabancı Holding, and PPF IndustryCo, controlling shareholder of Škoda Transportation, have completed all the official processes for the acquisition of Temsa Transportation Vehicles” .
The Turkish company had stopped production since December 2019 due to financial difficulties that arose after the acquisition by a Swiss investment fund. “Temsa, a company that has so far exported over 12,000 vehicles to 66 countries, is successful in foreign markets and we believe that together with Škoda Transportation it will be able to exploit its potential,” said Cenk Alper, CEO of Sabancı Holding. “We see electric transport solutions as the future of public transport and Temsa will become one of the iconic companies of the next period by making new investments in this field. We will leverage the technological know-how of our partner Škoda Transporation in this segment and join forces to offer new business opportunities to Temsa. ” “We believe there are many areas where we can find mutual business opportunities and use the strengths of both partners,” commented PPF Group Investment Director Ladislav Chvátal.
