From 2020 to 2023, TEMSA boosted its revenues by 1,090% in Turkish lira and 252% in US dollars, positioning itself among Türkiye’s fastest-growing industrial players. The company has secured a club loan facility valued at approximately €90 million in Turkish lira, aimed at fueling its continued global growth trajectory.

TEMSA, one of the leading players in Türkiye’s automotive manufacturing industry, has reached another significant milestone in its transformation journey, which began at the end of 2020.

Acquired in October 2020 by the Sabancı Holding and PPF Group partnership, TEMSA also secured an agreement on a 'Financial Restructuring' plan with a consortium of banks led by Ziraat Bank. Following this, the company formally exited the concordat process in December 2020, in accordance with the court's decision.

In the following period, guided by its focus on financial excellence and global growth strategy, TEMSA achieved a significant success story. Despite a series of challenges that strained the economic environment both globally and locally, TEMSA boosted its revenues by 1,090% in Turkish lira terms and 252% in US dollar terms between 2020 and 2023.

Building on its strong growth trajectory in 2024, TEMSA has simultaneously signed a pivotal financing agreement that will enhance the company's financial flexibility and bolster its balance sheet quality.

With Akbank (Lead Arranger), Türk Ekonomi Bankası (Co-Lead Arranger), ING Türkiye, MUFG Bank Türkiye, and QNB Finansbank contributing, TEMSA has secured a club loan agreement worth approximately €90 million in Turkish lira equivalent. This financing will enable TEMSA to exit its current restructuring agreement and support investments in growth, innovation, technology, and sustainability.

ONE OF THE MOST SUCCESSFUL GLOBAL EXAMPLES OF FİNANCE-INDUSTRY SYNERGY

Highlighting the significance of the agreement, TEMSA CEO Evren Güzel emphasized that this contract represents a pivotal milestone in TEMSA’s global growth strategy, commenting, “We are honored and excited to have secured this agreement with the support of our banking partners. In an era where collaboration among stakeholders is more crucial than ever, the synergy between industry and finance plays a transformative role, driving production, employment, and sustainability. TEMSA’s achievements since late 2020 are a clear reflection of this approach. We sincerely thank all the banks that have placed their trust in TEMSA and backed its global growth journey, both during the restructuring phase and with this newly established credit facility. We believe the success of this journey from late 2020 serves as one of the most outstanding examples of finance-industry synergy, not only in Türkiye but on a global scale."

CONTINUING TO CHAMPION TURKISH INDUSTRY ON THE GLOBAL STAGE

Evren Güzel emphasized that the agreement would unlock new opportunities for TEMSA, stating, “In the near future, this agreement will enable TEMSA to accelerate its growth in international markets, expand its global footprint, solidify its leadership in zero-emission vehicles, and fast-track its transformation into a full-fledged mobility company. We are committed to reinforcing TEMSA’s role as a company that not only follows but drives technological advancements. With over 15,000 vehicles exported to İN 66 countries to date, TEMSA will continue expanding its fleet both domestically and internationally, further strengthening its position as a global ambassador for Turkish industry.