13,860.59 TRY BIST 100 BIST 100
53.10 EUR EUR EUR
46.10 USD USD USD
6.83 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.08 USD Fossil Oil Fossil Oil
6.36 USD Copper Copper
101.60 USD Silver Silver
100.27 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,436.94 TRY Gold (gr) Gold (gr)
100.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Sabancı invested in the US company

Sabancı Holding expanded its portfolio by investing in Fernhay Solutions through Sabancı Ventures. This investment enabled Sabancı Ventures to become even stronger with 11 direct investment companies and 6 foreign-based portfolio companies.

Sabancı invested in the US company

Fernhay Solutions develops micromobility and "last mile delivery" solutions as the production partner of Temsa, a Sabancı Group company. The company's electric cargo vehicles offer solutions to traffic congestion, emission problems and security challenges in city centres. Fernhay's e-Cargo bike and eWalker, developed together with UPS, are actively used in three continents, nine countries and 20 cities.

  Sabancı Holding Strategy and Business Development Group President Gökhan Eyigün stated that advanced materials and mobility emerged as primary focus areas in the transformation of the industrial business line. Eyigün said, “Our Brisa company took a very important step towards transforming into a tire-focused mobility company with the Arvento acquisition last year. Another industrial group company, Temsa, continues to strengthen its transformation into an automotive-focused technology company with the steps it takes in the field of smart mobility, while increasing its competence in zero-emission vehicles day by day. "Our investment in Fernhay Solutions, which we made through Sabancı Ventures, will also be an important element of this mobility journey."

Fernhay Solutions President Bill Wachtel stated that continuing their strategic cooperation will bring them closer and make it easier for them to enter the Turkish market in the coming period.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Nucor raises HRC price by $10/st

Tuesday, June 9, 2026

İzmir Demir Çelik becomes the 4th largest industrial company in the Aegean Region

Tuesday, June 9, 2026

EU approves new rules to protect the steel market

Tuesday, June 9, 2026

Türkiye’s billet imports increased by 49.7% in April

Monday, June 8, 2026

China crude steel output decreases in may while finished steel output increases

Monday, June 8, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now