TRANSACTIONS / Sale of Esitas to Arteche

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Arteche, one of world’s leading instrument transformer manufacturers, has agreed to acquire 100% shareholding in Esitas, Turkey’s leading low and medium voltage transformer manufacturer. 

Ventura Partners acted as the exclusive financial advisor to Esitas shareholders on the transaction. This transaction, which is the first M&A deal to be completed in the Turkish transformers market, is subject to the Competition Board approval in both Turkey and Indonesia.

Established in 1984, Esitas, is one of the leading companies in Turkey in the transformer industry, producing low and medium voltage instrument transformers up to 40.5kV with two factories in Turkey and Indonesia.

Founded in 1946, Arteche carries out its activity in the electricity sector, from generation to distribution, specialising in the equipment, components and electric solutions industry. Arteche has commercial distribution capacity in over 150 countries; it has 11 factories in Europe, America and Asia, including 6 research centers, and over 2,000 employees. Ranking among the top three world leaders in the instrument transformers market, Arteche leads the auxiliary relays market and maintains a regional leadership position for the remaining products specifically intended for highly-demanding and high added value markets, such as renewable generation and railway.