M&A Deal Summary

Gates Industrial Acquires RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş.

On April 26, 2018, Gates Industrial acquired manufacturer RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş.

Acquisition Highlights
  • This is Gates Industrial’s 2nd transaction in the Manufacturing sector.
  • This is Gates Industrial’s 1st transaction in Turkey.

M&A Deal Summary

Date 2018-04-26
Target RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş.
Sector Manufacturing
Buyer(s) Gates Industrial
Deal Type Add-on Acquisition

Target

RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş.

Izmir, Turkey
RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş. is a manufacturer of molded and branched hoses and other products used primarily in commercial, heavy-duty and light vehicle replacement applications. RAPRO Kimya Turizm Bilişim San. ve Tic. A.Ş. is based in Izmir, Turkey.

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Buyer(S) 1

Buyer

Gates Industrial

Denver, Colorado, United States

Category Company
Founded 1911
Sector Manufacturing
Employees14,700
Revenue 3.6B USD (2023)
DESCRIPTION

Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado.


DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (Turkey) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Atlas Hydraulics

Brantford, Ontario, Canada

Atlas Hydraulics is a fully-integrated product engineering, manufacturing, and commercial business headquartered in Brantford, Ontario, Canada. With locations in Canada, the U.S., and Mexico, the company specializes in the design, manufacture, and supply of hydraulic tube and hose assemblies.

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