Metair acquired 100% of Mutlu Holding in October 2013, which gave it an effective 75% in Mutlu Akü, a listed company on the Istanbul Stock Exchange.
Established in 1945, Mutlu is a family-controlled business and the leader in the Turkish battery market. It has 41% of the aftermarket share and 57% of the OE market..
Mutlu covers all major battery technologies with three different brands: Mutlu, Celik and Povver, and is considered the number one battery brand in Turkey.
Its state-of-the-art production facilities can turn out 5.7 million batteries per annum. It also has an in-house recycling plant with the ability to produce excess lead.
Metair's acquisition of Mutlu gives the group access to Russian, CEE and MENA export markets, while Mutlu's strong OEM relationships complement Metair's OEM base.
Mutlu supplies 57% of the OEM vehicles produced in Turkey.
The combined entity will have the lowest cost manufacturing footprint of any major battery company in the world.
- Automotive & Industrial Batteries
- Plastic parts of batteries, covers & lids
- Istanbul & Gediz, Turkey