By placing the 'new economy' at the center of its 5-year global growth strategy, Sabancı Group has accelerated its investments in digital technologies. Aiming to double its non-bank revenues in 'new economy' by the end of 2025, Sabancı Holding made two significant global acquisitions.
Having acquired SEM, which operates in the field of data-driven digital marketing, and Radiflow, one of the world's leading startups in cyber security (operational technologies), Sabancı Holding has also strengthened its global presence in the digital field.
Sabancı Holding will offer innovative technology solutions to different parts of the world with Dx Technology Services and Investment B.V. (DxBV), which was established in the Netherlands, to manage its digital businesses on a global scale as part of its 'new economy' strategy.
Cenk Alper: "We Are Taking Important Steps Towards Becoming A Global Company”
In his evaluation, Sabancı Holding CEO Cenk Alper stated, "With these two important acquisitions made through our umbrealla company DxBV, we entered an important breakthrough period in our digital business. As we have previously announced to the public and our investors, 75 percent of our investments in the next five years will be in the fields of energy and climate technologies, material technologies and digital technologies, which we call 'new economy.' In addition, we will rapidly maintain our organic and inorganic growth in cyber security, digital marketing, advanced data analytics, and the internet of things, which are the four priority sectors we have identified within the scope of digital technologies.
Today, 'new economy' revenues have reached 6 percent of Sabancı Group's non-bank revenues. Our goal is to increase this ratio to 13 percent by the end of 2025. By realizing these investments, which are a part of our overall strategy, we are moving Sabancı into a favorable position to develop into a global company."
Kıvanç Zaimler: "We Will Offer Global Solutions On Five Continents"
According to the Chair of the Board of DxBV, Kıvanç Zaimler, SEM, and Radiflow, for which purchase agreements have already been signed, will enjoy a strong synergy with cloud and software services company SabancıDx. He states, "With this synergy, we will offer a wide range of global solutions while at the same time reinforcing our global influence in the field of digital technologies. These three companies will operate under DxBV, which we fully established over the past few months, making this synergy considerably more robust. While providing cloud and software services with SabancıDx, Radiflow will provide cyber security solutions for industries and companies operating critical infrastructures. In addition, our newly acquired company SEM will provide our customers with a unique service by performing advanced data analysis in consumer marketing. When we add the R&D power of Sabancı University to these three companies that offer global solutions on five continents, it is easy to see our potential to create a 'unicorn' by the end of 2025.”
All Our Digital Businesses Will Be United Under DxBV
Provided the necessary legal permits and approvals are obtained, the closing procedures for the acquisitions of SEM and Radiflow, which will operate under DxBV, a 100 percent subsidiary of Sabancı Holding, are expected to be completed by the end of the third quarter of 2022.
Depending on the course of investment projects that DxBV plans to realize, the aim is to increase current capital from 10 million USD to 120 million USD to support anticipated growth.