Otokar finalizes Automecanica takeover in Romania, prepares local production of COBRA II vehicles

Turkish defense manufacturer Otokar completed the acquisition of a majority stake in Automecanica S.A. and its production facility in Mediaș, marking one of the largest foreign investments in Romania's defense industry in recent years. The company said the move will support the local production of COBRA II armored vehicles ordered by the Romanian military.

Otokar announced that it finalized the acquisition of 96.77% of Automecanica's share capital after receiving all required regulatory approvals. The transaction is valued at approximately EUR 85 million.