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SOFIA (Bulgaria), July 4 (SeeNews) - US-headquartered supplier of exterior vehicle lighting Varroc Lighting Systems has acquired Turkish company Sa-Ba Automotive which has a production plant under construction in Bulgaria, Varroc Lighting said.
Through Sa-ba Automotive, Varroc Lighting gains valuable manufacturing and production capacity with a 10,000 sq m manufacturing and technology centre near Istanbul, and a new plant under construction in Dimitrovgrad, in southern Bulgaria, Varroc Lighting Systems said in a statement on Monday.
The 20,000 sq m plant in Bulgaria will give Varroc expanded and scalable production capacity for European customers, the company added.
The value of the deal was not disclosed.
The acquisition of Istanbul-headquartered Sa-ba Automotive is the sixth business initiative in the past 16 months that directly supports the expansion of Varroc Lighting Systems’ global product portfolio and manufacturing and engineering footprint.
The company is establishing a manufacturing and product development base in Morocco and recently opened new locations in Brazil, Japan, and Poland. Additionally, it recently opened an expanded lighting development centre in Czech Republic's Ostrava, as well as expanded manufacturing capabilities in Vietnam.
With the Sa-ba Automotive acquisition, Varroc Lighting expands its global presence to 17 countries on five continents.