RMA Group Acquires Altinay ModCenter
RMA Group acquires majority and controllingÂ shareholding in Altinay Modifikasyon Merkezi Ticaret A.Â and targets European commercial vehicle growth leveraging combined modification, and engineering strengths.
Bangkok, December 30thÂ 2021 -Â RMA Group, has announced the acquisitionÂ of a majority shareholding in Turkey’s Altinay Modifikasyon Merkezi Ticaret A. (Altinay Modification ).
RMAÂ Automotive, a division within RMA Group, is a major global supplier of modifiedÂ special vehiclesÂ with over 30 years of manufacturingÂ experience.Â Advanced engineering expertise and stringent quality controls have made RMAÂ a dominant leader in the category of robust, and tough vehicles, suited to a range of applications and diverse customer needs.Â Large fleet customers such asÂ governments, international aid organizations, and private multinational companies rely onÂ RMA’sÂ large-scale capacity and high quality standards.
RMA has a long-standing relationship with the FordÂ Motor Company and is a Ford QualifiedÂ Vehicle Modifier.
Altinay Modification is a division of the Altinay Technology Group acting nearly 30 years in Turkey, a company specializing in industrial production automation, robotics, aerospace and defence, and energy storageÂ technologies.Â AltinayÂ Modification, founded in 2012 by Hakan Altinay, areÂ specialist commercial vehicle modifiers, with modern facilitiesÂ locatedÂ immediatelyÂ adjacent to the Ford Otosan plant in Kocaeli, Turkey. Current output is more than 40,000 vehicles per year, specializing in vehicle personalization for Ford Transits assembled by Ford Otosan.
RMA’s existing commercial vehicle modification business in Turkey, RMA Otomotiv San. ve Tic. Ltd. Åžti., will be integrated into Altinay Modification. Â RMA Turkey has beenÂ in operation since 2011Â modifyingÂ the Turkish-built Ford TransitÂ as ambulances, aid & development vehicles and medicalÂ & commercialÂ transport vehiclesÂ for export to global fleetÂ customers.Â TheÂ physicalÂ move from RMA Turkey’s Tuzla Â facility, Â will lead to a significant increaseÂ in competitiveness and manufacturingÂ capacity.
Kevin Whitcraft, Chief Executive Officer of RMA Group, says:
â€œHakan Altinay has built a highly respected successful company from scratch and established a close relationship with Ford Otosan.Â The combined strengths of RMA Group, RMA Turkey and Altinay Modification present significant opportunities for global growth, particularly across the Export markets served by Ford Otosan.”
Hakan Altinay, Chairman of Altinay Technology Group, says:
â€œI am delighted that Altinay Modification can now benefit from the strength of RMA’s engineering excellence, distribution scale and close relationship with Ford across many markets.Â ByÂ retainingÂ a minority stake in the business, we willÂ continue to play our part in the future success and benefit from the significant and new upside potential.”