GS Yuasa will acquire 50% of Inci Aku Sanayi ve Ticaret Anonim Sirketi in Turkey which makes lead-acid batteries for automotive, forklift and stationary applications.
A share transfer agreement was signed on 10 June.
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Yuasa is making the purchase to expands sales in Turkey and increase exports to Europe, Asia, the Middle East and North Africa of a global strategy.
Inci will be renamed Inci GS Yuasa Anonim Sirketi in August.
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