This company is a Turkey based manufacturer of a wide portfolio of small motors and parts for car ventilation, A/C, heater, pumps etc. The owners are willing to sell their share to a strategic buyer, whose goals will be in line with the vision of the current owners. The company is in a growing phase, with revenue growing by double digits every year (20-30%). Currently, the revenue reaches approximately 50M EUR and the projections estimate further growth.
This automotive company for sale was established in Turkey approx. 15 months ago. The company operates in the business of manufacturing different kinds of motors and electromotors for automotive equipment like doors, AC, ventilation etc.
The company has a capacity to produce more than 400 thousand of different kinds of motors annually and serve the domestic aftermarket and Turkish OEM companies of global brands for their commercial vehicles.
The company has grown into a truly global company, more than 70% of the production is exported worldwide. Besides the automotive industry, the company manufactures systems for automation applications such as outdoor advertisement motors, lift door motors, barrier motors, wheelchair motors, motors for electrical bikes, a vibration inducing motors and motors for custom specific applications with or without reduction.
The company has two plants in with almost 30 thousand sq. m. of production space, which are designed in accordance with the specific production processes including machining, punch press operations, fixing and winding lines, storage spaces, packing, training classrooms, R&D and laboratory divisions. The company became ISO 9001:2000 certified and has a CE classification. Other certificates include ISOTS 16949:2000.
The employee team is highly skilled and developed and the company does not have high workforce fluctuation. Currently, the company employs approximately 200 people.
The company sells its production by direct channels, mainly to the OEM and after market sector. The customers of the seller are located mainly in Turkey, Europe, Middle East and North Africa.
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The company supplies the automotive industry and is specialized mainly in the production of:
Also, the portfolio includes complete heater sets, A/C axiels, sucking/blowing condenser units and naturel circulated (without motor) heating convectors are designed by the company’s R&D division, as well as internally manufactured.
The owners are seeking a sale of a controlling stake in the company.
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