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FOR IMMEDIATE RELEASE No. 2745
Mitsubishi Electric to Strengthen Industrial Automation Systems Business in Turkey through Acquisition of Sales and Distribution Partner
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TOKYO, March 21, 2013 - Mitsubishi Electric Corporation (TOKYO: 6503) announced that its sales subsidiary Mitsubishi Electric Turkey A.Ş. has acquired its local industrial automation sales and distribution partner GENEL TEKNİK SİSTEMLER SANAYİ ve TİCARET ANONİM ŞİRKETİ (GTS). The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in Turkey for strengthened local sales and solutions, aiming at industrial automation sales of JPY 3 billion in Turkey by the fiscal year ending March 2016.
As a result of the acquisition, GTS, a local partner for some 20 years and currently functioning with a workforce of 42, will merge with Mitsubishi Electric Turkey and begin operating under the new structure in May.
Turkey's industrial automation market is expected to grow by more than 10% annually due to increasing demand in the automotive, food and beverage industries. GTS has built strong relationships in these industries by providing technical support and solutions to industrial automation equipment manufacturers. Mitsubishi Electric will leverage these relationships and GTS's expertise to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to customers in Turkey and other markets of Central Asia.
Mitsubishi Electric Turkey A.Ş.
GTS
Turkey's industrial automation market is expected to grow by more than 10% annually due to increasing demand in the automotive, food and beverage industries. GTS has built strong relationships in these industries by providing technical support and solutions to industrial automation equipment manufacturers. Mitsubishi Electric will leverage these relationships and GTS's expertise to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to customers in Turkey and other markets of Central Asia.
Mitsubishi Electric Turkey A.Ş.
| Headquarters | Istanbul |
| President | Kei Uruma |
| Paid-in capital | 28 million Turkish Lira (approximately 1,240 million yen) |
| Ownership | Mitsubishi Electric Europe B.V.: 70% Mitsubishi Electric Corporation: 30% |
| Registration | December 7, 2012 |
| Business | Sales and support for Mitsubishi Electric's industrial automation products in Turkey and surrounding region |
GTS
| Locations | Headquarters in Istanbul and sales offices in Bursa, Ankara, Izmir and Adana | |||||
| Established | 1992 | |||||
| Employees | 42 (as of February 2013) | |||||
| Business |
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