Temsa is set to recommence full production following agreement of a sale that will see the Turkish manufacturer become jointly and equally owned by Sabancı Holdings and PPF, an affiliate of Skoda Transportation.
Sabancı Holdings and the Sabancı family owned Temsa until 30 May 2019, when it was subject to a sale to True Value Capital Partners. Problems following the sale saw production halted in late 2019.
Temsa’s UK dealership, Arriva Bus and Coach (ABC), has welcomed news of the deal. Says MD Andrew Cullen: “I am looking forward to the outcome of this agreement. Assuming it is completed, I believe that the joint ownership of Sabancı and PPF will see Temsa go from strength to strength.
“I also thank our customers for their understanding while Temsa works to reach this agreement, and for their continued faith in both Temsa and the team at ABC.”