# Varroc Group to acquire Turkish lighting company for EUR 42M

Varroc Group signed a binding agreement to acquire a lighting equipment company in Turkey for EUR 42 million (about Rs 336 crore). The target generates annual turnover of EUR 50 million.

- Type: Acquisition
- Announced: 2018-06-19
- Where: Turkey, Türkiye
- Value: $49.0M (42.0M EUR)
- Status: announced
- Products: lighting equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Varroc Group](https://endata.com/companies/32658.md) (acquirer)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/news/technology/auto/varroc-group-lines-up-rs-900-crore-for-acquisitions-global-expansion-2605961.html), 2018-06-19: "We have signed a binding agreement in Turkey. It's a 42-million euro acquisition."

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