Romania's Competition Council is assessing the notified acquisition of Romanian defense company Automecanica S.A. by Turkish heavy commercial and armored vehicle manufacturer Otokar Otomotiv ve Savunma Sanayi A.Ş.
Otokar, the defense system producing arm of Türkiye’s largest conglomerate, Koç Group, has signed a joint venture agreement with one of Romania’s leading defense companies, Automecanica S.A. to manufacture locally, in Romania, COBRA II 4x4 ATBTU armored vehicles, thus aiding the development of the country’s defense capabilities.