Analysis

Yokogawa acquires Turkish distributor

22nd December 2015
Joe Bush
0

Yokogawa Electric Corporation has announced that its subsidiary, Yokogawa Europe B.V. has acquired 100% of the shares of its distributor in Turkey – the Izmir-based Birleşik Endüstriyel Sistemler Ve Tesisler A.Ş.(BEST). The acquisition of shares was carried out on 25th November.

With this acquisition, Yokogawa has strengthened its focus on Turkey as a market with substantial growth potential. It will allow Yokogawa to extend its position in promising segments such as the power industry.

“BEST has been Yokogawa's distributor since 1977 and has already built an excellent reputation in the oil and gas industries, where it will continue to provide great value to customers,” commented Yokogawa Europe’s president Herman van den Berg. “Yokogawa is committed to working with customers as partners to help them get maximum value from their plant operations, and this acquisition is a major step forward in our plans to grow our footprint in emerging markets, and specifically in target industries including the power and energy sectors.”

Product Spotlight

Upcoming Events

View all events
Newsletter
Latest global electronics news
© Copyright 2024 Electronic Specifier