Kordsa expands to European market with new investment in composite technologies
Kordsa acquires the majority shares of Italian Microtex Composites S.R.L. With this acquisition Kordsa adds mainly super-luxury automotive and motorsport along with marine and industrial sector clients to its customer portfolio.
By expanding its footprint across Europe, Kordsa will provide its customers with the products developed in Turkey and the USA through its new hub.
Kordsa, a subsidiary of Sabancı Holding, reinforces its global leadership position with another investment. As Kordsa continues its transformation into an advanced material company, it also strengthens its position in European markets.
Kordsa had already acquired four composite technology companies in the United States and made sizable investments in Turkey. One of these investments is the Composite Technologies Centre of Excellence, which opened in 2016, Turkey’s exemplary industry-university cooperation model.
Kordsa is now set to acquire the majority shares of the Italian Composites company, Microtex Composites, which provides carbon fiber fabrics and prepregs for marine, motorsport and super-luxury automotive industries in Europe.
The acquisition of shares is expected to be finalized in the second quarter of 2022, subject to the fulfilment of closing conditions required for Italian Golden Power approval. (Foreign Direct investments)
With this investment in composite technologies, Kordsa aims to increase its product diversity; grow its customer base and also, to expand its service range in the automotive and motorsport segments.
