Bus and midibus manufacturer TEMSA, the foundations of which were laid in Adana in 1968 by Sabancı Holding, continued its activities within the Sabancı family for many years. TEMSA, which was sold to Switzerland-based True Value Capital Partners in May 2019 due to its economic difficulties, is returning to the Sabancı family. . When TEMSA, which decided to concordat due to economic difficulties, could not recover, the company was transferred to True Value Capital Partners by Sabancı Holding for TL 182.7 million.
All applications were approved
Sabancı Holding made an application to buy back Turkey’s leading bus and midibus manufacturer TEMSA, with PPF IndustryCo, the main partner of Skoda Transportation, and Sabancı Holding as a joint venture in June 2020.
Sabancı Holding In the statement made by , it was announced that the applications made in the country and abroad were approved. Sold to Switzerland-based True Value Capital Partners, TEMSA has now been reintroduced to the Turkish economy. Tolga Kaan Doğancıoğlu became the new CEO of TEMSA, whose shares were divided in half.