DİTAŞ, one of the leading automotive suppliers in Turkey, continues to expand with a new partnership

As part of its investment strategy, DİTAŞ (DİTAŞ Doğan Yedek Parça İmalat and Teknik A.Ş.) which is a “A” category supplier of the biggest vehicle manufacturers of Turkey and the world signed an agreement with Profil Sanayi ve Ticaret A.S and 3S Tool Fixture Machine Industry A. Ş, both of which have been active in automative industry for many years, to purchase 70% of those companies.

DİTAŞ, which supplies high-quality, technological and innovative steering and suspension system parts to the automative industry signed an agreement with Profil Sanayi ve Ticaret A.S, which has a 55-year history and manufactures steering and suspension systems for automobiles and light vehicles under the PRS brand, as well as body, chassis and assembled sheet metal parts for the automative key industry in Turkey and Europe for an independent spare part market, and with 3S Tool Fixture Machine Industry A.S. which desings and manufactures sheet metal tools for automative industry to buy 70% of those companies. Following the completion of the closure procedures, DİTAŞ, which applied to Public Disclosure Platform as a public corporation, will transfer shares.

DİTAŞ is expanding in the automobile and light commercial groups with this purchase

DİTAŞ, which manufactures 90% of its steering and suspension system parts, will expand into all vehicle segments by purchasing Profil Sanayi ve Ticaret A.S and becoming involved in the automobile and light commercial vehicle groups. Customers who collaborate with 3S Tool Fixture Machine Industry A.S, which has been providing service to OEM (Original Equipment Manufacturer) companies for the design and manufacturing of sheet metal tools, include leading OEM and OES (Original Equipment Supplier) companies, as well as independent spare part distributors in Europe and Turkey. It exports 30% of its production to 30 different countries.

Doğan Holding’s Chief Executive Officer Çağlar Göğüş noted in his statement, “We continue to make strategic investments, as a group, to expand the existing companies and enter new sectors. We continue to invest, particularly in sectors with high export potential and added value such, as packaging, technology, fintech and financial services, and energy. We will boost our competitiveness in collaboration with Profil Sanayi ve Ticaret A.S, a company that export its products to 30 different countries. I believe that this investment will move forward the strong position of DİTAŞ and Profil companies in the sector. Through these initiatives, we aim to improve the scale and competetiveness of our companies while also creating more value. We will continue to consider similar opportunities for organic and inorganic investment as well as growth.”

Osman Sever, Managing Director of DİTAŞ, said “As part of current investment strategy, our company continues to evaluate opportunities that will increase the added value by expanding the product and customer portfolio in automative supply sector in which we have been operating for many years. Purchases broaden both the product rage and the customer portfolio. We believe that this partnership will create new enthusiasm and dynamism in the sector.”

Sezai Sezer, Chairman of the Executive Board of Profil Sanayi ve Ticaret A.S. and 3S Tool Fixture Machine Industry A.S, expressed his excitement about the purchases, saying, "We are very pleased with our cooperation with Doğan Holding, which will contribute to our company's rapid expansion. The synergy created by this investment will allow both DİTAŞ and us to grow further, enabling us to positively contribute to the Turkish economy

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