Yokogawa expands intoTurkey

Yokogawa Electric Corporation has announced that its subsidiary, Yokogawa Europe BV has acquired 100% of the shares of its distributor in Turkey, Birleşik Endüstriyel Sistemler Ve Tesisler AS (BEST), which is based in Izmir. Yokogawa sees this as a major step forward into the emerging market in Turkey and the associated area. The acquisition of shares was carried out on November 25.

With this acquisition, Yokogawa is strengthening its focus on Turkey as a market with substantial growth potential. It will allow Yokogawa to extend its position in several promising segments, such as the power industry. Through the acquisition, Yokogawa will also enhance its relationships with customers in Turkey.

“BEST has been Yokogawa’s distributor since 1977 and has already built an excellent reputation in the oil and gas industries, where it will continue to provide great value to customers,” comments Yokogawa Europe’s president Herman van den Berg: “Yokogawa is committed to working with customers as partners to help them get maximum value from their plant operations, and this acquisition is a major step forward in our plans to grow our footprint in emerging markets, and specifically in target industries including the power and energy sectors.”

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