RMA Group Acquires Altinay ModCenter

RMA Group acquires majority and controlling  shareholding in Altinay Modifikasyon Merkezi Ticaret A.  and targets European commercial vehicle growth leveraging combined modification, and engineering strengths.

Bangkok, December 30th  2021 -  RMA Group, has announced the acquisition  of a majority shareholding in Turkey’s Altinay Modifikasyon Merkezi Ticaret A. (Altinay Modification ).

RMA  Automotive, a division within RMA Group, is a major global supplier of modified  special vehicles  with over 30 years of  manufacturing  experience.  Advanced engineering expertise and stringent quality controls have made RMA  a dominant leader in the category of robust, and tough vehicles, suited to a range of applications and diverse customer needs.  Large fleet customers such as  governments, international aid organizations, and private multinational companies rely on  RMA’s  large-scale capacity and high quality standards.

RMA has a long-standing relationship with the Ford  Motor Company and is a Ford Qualified  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 storage  technologies.  Altinay  Modification, founded in 2012 by Hakan Altinay, are  specialist commercial vehicle modifiers, with modern facilities  located  immediately  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.  RMA Turkey has been  in operation since 2011  modifying  the Turkish-built Ford Transit  as ambulances, aid & development vehicles and medical  & commercial  transport vehicles  for export to global fleet  customers.  The  physical  move from RMA Turkey’s Tuzla  facility,   will lead to a significant increase  in competitiveness and manufacturing  capacity.

Kevin Whitcraft, Chief Executive Officer of RMA Group, says:

œHakan Altinay has built a highly respected successful company from scratch and established a close relationship with Ford Otosan.  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:

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.  By retaining  a minority stake in the business, we will  continue to play our part in the future success and benefit from the significant and new upside potential.”