Yokogawa acquires distributor in Turkey to strengthen focus in the country
Yokogawa Europe B.V. has acquired 100% of its Turkish distributor Birleşik Endüstriyel Sistemler Ve Tesisler A.Ş(BEST) based in Izmir, announced Yokogawa Electric Corporation. The acquisition will play a part in the strengthening of Yokogawa’s focus on Turkey as a market with considerable growth potential and allow the company to extend its reach to promising markets such as the power industry.
"BEST has been Yokogawa’s distributor since 1977 and has already built an excellent reputation in the oil and gas industries, where it will continue to provide great value to customers. Yokogawa is committed to working with customers as partners to help them get maximum value from their plant operations, and this acquisition is a major step forward in our plans to grow our footprint in emerging markets, and specifically in target industries including the power and energy sectors," states Yokogawa Europe’s president Herman van den Berg.
In addition to that, Yokogawa has established a new corporate brand slogan – "Co-innovating tomorrow", which conveys the determination to develop valuable solutions through long-term partnerships with clients, explain company representatives.
LATEST issue 4/2023