The election put a hold on new executive hires. Now, headhunters are on the prowl.
Turkish companies producing energy equipment are raising eyebrows around the world and garnering M&A interest. Recently, one of Italy’s oldest producers of energy equipment, Pietro Fiorentini, put the final touches on the purchase of Bursa-based Gemsat Gaz Ekipmanlari.
Gemsat was founded in 1993 by Nihat Ucar, an engineer working in Iraq in the 1990s, and had an initial operating space of a mere 75 square meters. A quarter century later, it has expanded into the international arena as well as Turkey producing natural gas pressure reduction and metering stations.
Works w th energy g ants
Gemsat’s partners include industry giants like Boru Hatlari ve Petrol Tasima A.S. (BOTAS), IGDAŞ, Bursagaz, Izgaz, Izmirgaz, Kirgaz, Baskentgaz, Diyargaz and Akmercan Gaz as well as companies operating in the energy sector like HABAS, Zorlu Holding, Calik Grubu.
Entered Turkey n 1991
Pietro Fiorentini is a leader in Italy in the production of technologically-advanced products and services for natural gas distribution and use. With 70 years of experience, the company operates 11 facilities around the world and entered the Turkish market in 1991 with its subsidiary FioGaz, selling equipment for high pressure and medium pressure pipelines.
In 2013, the company also installed regional stations and joined ODOGAZ, which distributes LPG coke. The company also has biomethane injection cabin production lines in its Itailan and French plants.