News Release

Betafence secures shares to control all of Yapı Sanayi ve Ticaret Anonim Şirketi, Turkey

June 6th 2018

London, UK. On June 6th, Betafence, global leader of industrial mesh production and fencing products, a part of the PRÆSIDIAD group, announced the acquisition of the remaining 40% of Betafence Yapı Sanayi ve Ticaret A.Ş. in Turkey.

Betafence has been a majority shareholder in the business since 2007, building a strong relationship with the company’s founders. This acquisition is a new and exciting phase for Betafence and the PRÆSIDIAD group, and the team look forward to driving further growth and building upon the existing footprint of the business in Turkey.

A new Managing Director and Financial Director have been appointed to spearhead this new phase of development. The founders Deniz and Ates Ucuncu will also remain involved with the business for a period to support a smooth transition. No further restructuring is anticipated, and, with additional support from other Betafence companies, the transition for employees and customers of Betafence Yapı Sanayi ve Ticaret A.Ş. will be seamless.

Andrea Bori, Vice President Betafence said: “We will build on an already strong standing and successful business and we are excited to increase our investment and commitment in this highly competitive space and to unlock further undeveloped potential in Betafence Yapı Sanayi ve Ticaret A.Ş. both within Turkey and in neighbouring countries.”

Media Contacts

Ross Thompson. Brand Marketing Director Hesco Group
Tel: +44 113 248 6633

About Betafence
Betafence is a world market leader of integrated perimeter security systems, protecting critical infrastructure and sensitive sites in the public, industrial and residential markets.

About Præsidiad
PRÆSIDIAD specialises in defence and protection systems for military, commercial and domestic end-users through its subsidiary brands which include Betafence, Hesco, Guardiar and Guardiar, who operate manufacturing facilities and specialist sites focused on force protection solutions, defensive systems and fencing products.