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.Åž.
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 |
|