Souter Investments led a consortium to acquire Istanbul's key ferry operator IDO, targeting growth opportunities in Turkey's evolving transportation sector.

Information on the Target

Istanbul Deniz Otobusleri (IDO) is a prominent ferry operator that serves as a vital public transport link for the residents of Istanbul and the surrounding regions of the Sea of Marmara. Recognized as one of the largest passenger ferry operators globally, IDO carries more than 48 million passengers and transports approximately 10 million vehicles annually. The company boasts a fleet consisting of over 50 passenger and vehicle ferries, highlighting its significant role in local transportation.

The ferry services provided by IDO are instrumental in alleviating traffic congestion in the bustling city of Istanbul, offering a reliable and efficient alternative to land transport. With increasing urbanization and population growth in Turkey, IDO's operations are critical in meeting the rising demand for public transportation in the region.

Industry Overview in Turkey

The public transportation sector in Turkey, particularly in metropolitan areas like Istanbul, is undergoing a rapid transformation. With a population exceeding 15 million, Istanbul faces unique challenges related to traffic congestion and env