HAULOTTE GROUP ANNOUNCES THE ACQUISITION OF 100% OF ITS TURKISH DISTRIBUTOR ACARLAR MAKINE

haullote

Haulotte Group S.A. ("Haulotte") announces the acquisition of 100% of the shares of the Turkish distributor Acarlar Makine ("Acarlar"). Acarlar has been created in 2003 by the Group Acar.

The company is headquartered in Istanbul and has 34 employees in 4 branches throughout Turkey.

Since 2014, April 18th, Haulotte Group holds 50% of the share capital of Acarlar.

"This acquisition is in line with the participation taken in 2014 in a market that has now confirmed its potential of growth. Despite recent variations of the Turkish lira, we believe that the long-term perspectives in Turkey remain attractive for Haulotte Group", says Alexandre Saubot, Deputy CEO of Haulotte Group.

About Acarlar:

Leading the way in aerial work platforms in Turkey, Acarlar Makine was established in 2003 within the body of Acarlar Group of Companies. Acarlar Makine offers a wide range of people lifting equipment addressing all the needs of the market, and best in class after sales support, thanks to dynamic personnel with a solution and customer- oriented approach. Acarlar Makine is the exclusive dealer of Haulotte since 2003 and the leader in the market over the last 15 years.

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