Ebara Corporation has agreed to acquire 100% of Vansan, Turkey's leading pump manufacturer, enhancing its market presence and product capabilities in the EMEA region.

Information on the Target

Vansan, established in 1964 by A. Ozden Ertoz in Izmir, Turkey, stands as the foremost manufacturer of pumps and pump systems in the EMEA region. The company offers a diverse range of products, including submersible pumps, motors, centrifugal pumps, and turbine pumps. With a strong focus on innovation, Vansan has made significant investments in technology and boasts robust research and development capabilities. Operating from two factories covering a total area of 21,000 square meters, Vansan generates annual revenues of approximately US$70 million, with 70% attributed to exports.

Industry Overview in Turkey

The industrial machinery sector in Turkey is experiencing substantial growth, driven by increasing investments in infrastructure and a rising demand for efficient machinery solutions. With a strategic location bridging Europe and Asia, Turkey serves as a critical manufacturing hub, attracting foreign investment and boosting local production capabilities.

The Turkish government has initiated several programs to enhance the competitiveness of the manufacturing sector, which includes providing incentives for technological advanceme