Arteche Lantegi Elkartea SA (BME:ART) signed an agreement to acquire Elektrik Sanayi ve Ticaret Anonim Sirketi on July 8, 2021. Elektrik Sanayi ve Ticaret Anonim Sirketi has a turnover of €11 million and an EBITDA of €2 million for year 2020. The integration of Esitas into Arteche will result in a company with a consolidated turnover of €275 million and more than 2,400 people employed worldwide. PKF Attest acted as financial advisor to Arteche.

Arteche Lantegi Elkartea SA (BME:ART) completed the acquisition of Elektrik Sanayi ve Ticaret Anonim Sirketi on July 8, 2021. Egemenoglu Hukuk Bürosu acted as legal advisor to Esitas Elektrik and Herguner Bilgen & Ozeke acted as legal advisor to Arteche.