ESKA Valve plans a €30 million investment at its 30,000-square-metre Sakarya facilities to increase smart ultrasonic natural gas meter production capacity over two years, creating 100 jobs.

Franklin Electric officially opened its new production facility in Torbalı, İzmir, Türkiye, built on a 14,600 m² site through a €5 million investment. The plant is expected to increase production capacity and strengthen regional logistics.

A Hav Group subsidiary was awarded a contract by Turkish shipyard Tersan Shipyard to act as system integrator for power and automation systems on two vessels being built for an unnamed shipowner. The contract is valued at about EUR 8.5 million, with delivery during 2026.

WEG agreed to acquire Volt Electric Motors, a Turkish maker of industrial and commercial electric motors and a subsidiary of Saya Group, for an enterprise value of US$88 million.

Cemre Shipyard awarded Norwegian Electric Systems a contract for energy design, system integration and smart control for two Windkeeper service operation vessels being built for GC Rieber Shipping. Delivery of equipment is planned for early 2024.