Turkish Otokar signs deal to acquire Romania’s Automecanica and its Mediaș manufacturing facility

Otokar, Türkiye’s leading exporter of land systems and a key supplier to NATO and the United Nations, announced the signing of an agreement to acquire Automecanica S.A. and its production facility in Mediaș, Romania. The transaction, subject to regulatory approvals, marks a significant step in the company’s European industrial expansion.

The agreement, signed on April 29, 2026, covers 96.77% of Automecanica’s share capital and is valued at approximately EUR 85 million.