Aselsan Secures €16 Million Deal: Other Companies Announcing Business Partnerships Today
Aselsan (ASELS) announced an important export agreement to Europe. Alves Kablo announced a new local and international investment and recent sales agreements. YEO Technology provided information about a joint energy investment with a Norwegian energy giant.
Aselsan Electronics Industry and Trade Inc. signed a sales contract for the export of payloads consisting of radar and electro-optical systems with a platform manufacturer in a European Union member country. Valued at €16,632,000, this contract represents a significant move that enhances Aselsan's presence in the international market.
New investment and sales agreement from Alves Kablo Alves Kablo San. ve Tic. A.Ş. (ALVES) signed a promise to sell agreement for a construction project of an additional production and storage facility at the back of its existing factory building in Kahramankazan district of Ankara. The investment is targeted to be completed within 240 days.
Additionally, the company has made a sales agreement for a total of 400,000 kilograms of copper wire and products with two Istanbul-based companies, valid until the end of 2024. The total value of this contract is approximately $4,000,000 plus VAT.
Major joint investment from YEO Technology and Scatec YEO Technology Energy and Industry Inc. (YEOTK) signed a share transfer agreement between its 51%-owned DEFIC Globe Energy Inc. and the Romanian subsidiaries of Norway-based Scatec ASA.
This agreement covers two separate solar power plant investments with a total installed capacity of 190 MWp in Romania. The construction of the projects will be financed in collaboration with the renowned Norwegian energy group Scatec and completed as a turnkey project that includes high-tech engineering services. The contract amount is set at $108.2 million.
As a result of the share transfer, 35% of the subsidiaries will be controlled by YEO Technology and 65% by Scatec. Aiming for a capacity of 1 GW in the renewable energy sector by 2030, YEO Technology is taking significant steps toward becoming a global player with this investment.
Following the electricity supply agreements in Romania, the signing of the final EPC contracts and the construction of the facilities is planned to commence in 2025. The company aims to achieve significant growth in its contracting services through this process.