Brief: Otokar Says It Signs Agreement To Buy 96.77% Of Romania's Automecanica For EUR 85 Mln

Otokar Otomotiv ve Savunma Sanayi

30/04/2026 06:32

April 30 (Reuters) - OTOKAR OTOMOTİV VE SAVUNMA SANAYİ OTKAR.IS:

SAID ON WEDNESDAY SIGNS A SHARE PURCHASE AGREEMENT WITH SHAREHOLDERS ANDREI SCOBIOALA AND AUTOMEGANICA SKB PROPERTY SRL TO ACQUIRE 96.77% OF ROMANIA-BASED DEFENCE COMPANY AUTOMEGANICA FOR ABOUT 85 MILLION EUROS

OTOKAR SAYS THE AGREEMENT FOLLOWS A MEMORANDUM OF UNDERSTANDING DISCLOSED ON JANUARY 27, 2026

OTOKAR SAYS THE FINAL PURCHASE PRICE WILL BE DETERMINED AT CLOSING AND SUBJECT TO NET DEBT AND WORKING CAPITAL ADJUSTMENTS

OTOKAR SAYS IT PAID 5 MILLION EUROS AT THE TIME OF THE MOU AND A FURTHER 5 MILLION EUROS UPON SIGNING THE SHARE PURCHASE AGREEMENT

OTOKAR SAYS 25 MILLION EUROS WILL BE RETAINED AS A GUARANTEE FOR THE SELLERS' OBLIGATIONS AND PAID IN INSTALLMENTS OVER THREE YEARS FOLLOWING CLOSING, WITH THE REMAINING BALANCE TO BE PAID AT CLOSING

OTOKAR SAYS THE TRANSACTION IS SUBJECT TO APPROVALS FROM ROMANIA'S COMPETITION AND FOREIGN DIRECT INVESTMENT AUTHORITIES AND MAY BE EXTENDED BY UP TO THREE MONTHS IF CONDITIONS ARE NOT MET

OTOKAR SAYS AUTOMEGANICA WILL BECOME A DIRECT SUBSIDIARY AND WILL BE USED TO SUPPORT THE ROMANIAN 4X4 TACTICAL WHEELED LIGHT ARMORED VEHICLE PROCUREMENT TENDER

 Source text for Workspace: nIKA2lkCMM
 Further company coverage: OTKAR.IS

 (Gdansk Newsroom)

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