ExSa, a subsidiary of Sabancı Holding, and PPF IndustryCo (an affiliate of Škoda Transportation) completed all official processes for acquisition of Temsa Transportation Vehicles. TEMSA, which has been serving the Turkish industry for over 50 years, is back on track to make new investments.
Following the final approvals issued by the related local and foreign authorities, Sabancı Holding, and PPF Group which is the controlling shareholder of Škoda Transportation, took over the management of TEMSA.
TEMSA, an organization that has been in the Turkish Industry for over 50 years, will become an active actor of the Turkish economy once again with its new organizational structure through the partnership established by Exsa Export Sanayi Mamulleri Satış ve Araştırma A.Ş., a subsidiary of Sabancı Holding, and PPF IndustryCo. B.V. (PPF), a member of PPF Group.
A NEW ERA STARTS FOR TEMSA
Sabancı Holding’s CEO Cenk Alper recapped the process and noted that they are proud of and pleased to be reintroducing TEMSA to the Turkish economy: “We sold our company to a foreign investment fund last year but TEMSA had to stop its operations due to the financial distress the company suffered after the transfer. We are aware of our responsibility towards our origin Adana province, our country and this extremely valuable brand we created, and therefore we wished to take a permanent action. We are very pleased to complete this process with this cooperation that might open new horizons for TEMSA in the future. At this point, we would like to particularly thank our banks which have been a part of the solution since day one and made significant contributions for bringing TEMSA back to our national economy again with their constructive attitudes. Sabancı Group has a valued reputation for its strong global partnerships. This new partnership will reassure the international investors, the markets and contribute to the national economy.” said Mr. Alper.”
MAKING A DIFFERENCE THROUGH INNOVATION DRIVEN GROWTH STRATEGY
Sabancı Holding’s CEO Cenk Alper noted that the automotive sector is currently the most challenging global scene of technological competition and continued: “In such an environment, we believe that TEMSA will make a difference not only with its high-quality production skills but also with its innovation driven growth strategy. TEMSA, a company that has exported over 12 thousand vehicles to 66 different countries so far, is successful in the foreign markets and we believe that together with Škoda Transportation will be capable to utilize its potential. We see electric transportation solutions as the future of public transportation and TEMSA will become one of the iconic companies of the upcoming period by making new investments in this field. We will leverage the technological know-how of our partner Škoda Transporation in this segment and we will join forces to offer new business opportunities to TEMSA”.
Investment Director of PPF Group, Ladislav Chvátal also appreciated the partnership with Sabanci Holding as a strong local partner with international experience and knowledge. “We believe there are many areas where we can find mutual business opportunities and utilize the strengths of both partners.”
NEW PARNETSHIP AND NEW HORIZONS FOR TEMSA
Sabancı Holding’s CEO Cenk Alper continued: “Škoda Transportation, is European leader in production of trains, metro cars, trolleybuses and low-floor trams. Furthermore, in Turkey, the rail system solutions of Škoda Transportation currently facilitate urban transportation in Konya and Eskişehir. From now on, as TEMSA, our aim is to have a strong presence as well in the rail system market with the rail public transportation systems from Škoda Transportation’s portfolio.”
OPPORTUNITY AND POTENTIAL OF TURKISH ECONOMY
“PPF, an international investment group, strengthens through the investment in Temsa, its presence on Turkish market, which we consider important with high business potential especially for our asset Škoda Transportation” commented by Ladislav Chvátal, Investment Director of PPF Group and Chairman of Supervisory Board of Škoda Transportation on the rationale for the transaction.
PPF Group invests in multiple market segments including financial services, telecommunications, biotechnology, real estate and mechanical engineering. PPF Group’s growth rests on the development of traditional and new industries, the building of modern infrastructure and the digital economy. PPF Group’s reach spans from Europe to North America and across Asia. The Group owns assets worth almost EUR 49 billion and employs 135,000 people globally (as at December 31, 2019).
PPF is bringing on Turkish market through Škoda Transportation the know-how and experience of the leading European manufacturer of vehicles for city and railway transport. Škoda Transportation focuses on green energy products and delivers not only vehicles but complex solutions to its clients including long-term full service of their fleets. Škoda Transporation will support Temsa on the path of achieving its future goals and having a leading role in the future of public transportation in Turkey”.
NEW CEO: TOLGA KAAN DOĞANCIOĞLU
Tolga Kaan Doğancıoğlu, who recently worked for Kordsa, a member of Sabancı Group, is the new CEO of TEMSA which is one of the leading players of the Turkish bus and midibus sector and, so far, has exported over 12thousand vehicles designed by the Turkish engineers to 66 different countries. In the past, Tolgan Kaan Doğancıoğlu worked in production and design segments of the automotive sector and has extensive experience in this sector; he will contribute to the process of assuring competitive production continuity of TEMSA in the upcoming period and reinforcing the company’s position in its existing markets. Furthermore, Tolga Kaan Doğancıoğlu will lead TEMSA in the potential growth areas such as smart transportation, electric and autonomous vehicles.
ABOUT TOLGA KAAN DOĞANCIOĞLU
After graduating from Ankara Anatolian High School and Mechanical Engineering Department of ODTÜ (Middle East Technical University), Tolga Kaan Doğancıoğlu began his career at ASELSAN and then worked for ENKA Teknik and Ford Otosan companies and completed several national and international projects. He completed a private MBA program at Koç University during the same years.
In 2005, he left Ford Otosan to establish Hexagon Studio Engineering and Design Company, and he worked as the General Manager of this company for 12 years.
In December 2017, Tolga Kaan Doğancıoğlu joined Sabancı Group as the Project and Business Development Director of the Department of Industry Group and he was appointed as the Construction and Business Development Director of Kordsa in July 2018. When TEMSA was transferred to the partnership of Sabancı Holding and PPF Group, he was appointed as the CEO of TEMSA.
He is married, has two children and he is fluent in English and German.
ABOUT SKODA TRANSPORTATION
Skoda Transportation, one of the world’s leading engineering and industrial corporations, is a member of PPF Group which invests in a wide range of businesses including banking and financial services, telecommunication, biotech, insurance, real estate, agriculture and engineering. Established in the Czech Republic, the company manufactured its first locomotive in 1920 and continued to grow sustainably in the last 100 years.
So far, Skoda Transportation has combined experience and substantial engineering know-how particularly in urban transportation by manufacturing 5500 electrical locomotives, over 850 metro cars, 14 thousand 500 trolleybuses, 950 coaches and over 1000 low-floor trams in 7 different facilities located on a total area of 250 thousand square meters, and trams designed by Skoda Transportation are currently used in Eskişehir and Konya provinces of Turkey.