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Varroc Lighting Systems Increases Global Presence with Acquisition of Istanbul-based Sa-ba Automotive
Wednesday 11 July 2018

11 July 2018 - Michigan, US-based exterior vehicle lighting systems supplier Varroc Lighting Systems has acquired Turkey based lighting products supplier Sa-ba Automotove to expand Varroc's global footprint, the company said.
Terms and conditions were not disclosed.
Through Sa-ba Automotive, Varroc Lighting gains valuable manufacturing and production capacity with a 10,000-square-meter manufacturing and technology centre near Istanbul and a new plant under construction in Dimitrovgrad, Bulgaria.
The 20,000-square-meter Bulgaria plant will give Varroc Lighting expanded and scalable production capacity for European customers.
The acquisition of Sa-ba Automotive is the sixth business initiative in the past 16 months that directly supports the expansion of Varroc Lighting's global product portfolio and manufacturing and engineering footprint.
With the Sa-ba Automotive acquisition, Varroc Lighting expands its global presence to 17 countries on five continents.
Varroc Lighting Systems is a leading global supplier of innovative automobile and two-wheeler lighting solutions.
Focussed on safety, mobility and style, Varroc Lighting Systems brings leading-edge technology to the mainstream automotive market with high-quality and cost-competitive solutions.
The company has more than 8,000 employees worldwide with operations in Africa, Asia, Europe, North America, and South America.
Sa-ba Endüstriyel Ürünler İmalat ve Ticaret A.Ş. (Sa-ba Automotive) was established as a corporation that produced plastic-based products and semi-products for key industries in 1976.
Details
Date Published: 11/07/2018
Target: Sa-ba Automotove
Country: Turkey
Sector: Motor Vehicles
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Motor Vehicles
Comment:
Terms of the deal were not disclosed

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