Saya Group has acquired 100% of Volt, a leading Turkish manufacturer of electric motors, to leverage distribution strengths and capitalize on the growing demand in the electric motor sector.
Information on the Target
Founded in 1966, Volt is a prominent manufacturer of electric motors in Turkey. The company offers a diverse product range, including asynchronous single-phase and three-phase motors, centrifugal pump motors, and specialized motors for various applications. Volt has established a robust market presence, securing approximately 30% market share in the small electric motors segment, attributable to its high-quality products and extensive dealer network throughout Turkey.
The company employs over 200 personnel and operates from a modern manufacturing facility spanning 28,000 square meters in Izmir. This state-of-the-art plant equips Volt to maintain efficient production processes and cater to a growing demand for electric motors in various industrial applications.
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Industry Overview in Turkey
The electric motor manufacturing industry in Turkey is experiencing significant growth, driven by increasing industrialization, infrastructure developments, and a rising demand for energy-efficient products. As the n
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