# GKN Powder Metallurgy acquires Turkish powder metal leader Tozmetal

GKN Powder Metallurgy, a division of UK-based GKN, acquired Tozmetal Ticaret ve Sanayi A.Ş., Turkey's leading powder metal parts manufacturer, with annual sales of $30 million and a capacity of 2,000 tons.

- Type: Acquisition
- Announced: 2017-04-15
- Where: Türkiye
- Status: announced
- Capacity: 2,000 tons per year
- Products: powder metal parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [GKN Powder Metallurgy](https://endata.com/companies/23623.md) (acquirer)
- [Tozmetal Ticaret ve Sanayi A.Ş.](https://endata.com/companies/23624.md) (target)

## Sources

- [yenisafak.com](https://www.yenisafak.com/ekonomi/gkn-turkiyede-sektor-lideri-tozmetali-aldi-2643771), 2017-04-15: "GKN Powder Metalurji CEO'su Peter Oberparleiter, satın alma ile ilgili büyük bir heyecan duyduklarını ifade ederek, 'Toz metal çok iyi işleyen bir firma ve bizim toz metal pazarındaki büyük varlığımızı tamamlayacak' dedi."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.