Information on the buyer
OYAK (Ordu Yardımlaşma Kurumu) is private pension fund and one of the largest corporations in Turkey. OYAK Group composes of total 89 companies in 19 countries and 32 000 employees.
Information on the seller
Miilux sells and manufactures abrasion resistant and protection steel products and solutions for demanding applications.
Rationale for the transaction
The buyer wanted to enter the protection steel market in co-operation with an established player.
OYAK acquired 70% of the shares at closing.
Advisor to the seller