Volt Motor Sold to WEG in Major Acquisition
Deal News | Dec 12, 2024 | CEE Legal Matters
Volt Motor, a Turkish manufacturer of electric motors under the Saya Group, has been sold to WEG, a global leader in the same industry. The legal intricacies of the sale were managed by two prominent law firms. Kolcuoglu Demirkan Kocakli represented Volt Motor and its shareholders, with a team led by Partner Serhan Kocakli, alongside Senior Associate Ceyda Betul Gulmezoglu and Associates Duygu Yurtal and Nilsu Gozukara. Herguner advised WEG, with their team comprising Partners Umit Herguner and Deniz Tuncel and Senior Associate Basak Etik. This transaction highlights the ongoing consolidation within the electric motor manufacturing sector.
Sectors
- Manufacturing
- Legal Services
Geography
- Turkey – Volt Motor is a Turkish company, and the transaction involved local legal advisors.
Industry
- Manufacturing – Volt Motor and WEG are both involved in the electric motor manufacturing industry.
- Legal Services – The transaction involved legal advisory services from Kolcuoglu Demirkan Kocakli and Herguner.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Volt Motor | Target Company | Company | A Turkish manufacturer of electric motors and a Saya Group company. |
| WEG | Buyer | Company | A global manufacturer of electric motors. |
| Kolcuoglu Demirkan Kocakli | Legal Advisor for Volt Motor | Company | A law firm advising Volt Motor in the sale to WEG. |
| Herguner | Legal Advisor for WEG | Company | A law firm advising WEG in the acquisition of Volt Motor. |