Altınay Defense Technologies took over the shares of ASELSAN, which owns 49 percent of the capital of its subsidiary DASAL Aviation Technologies. Altınay Defense Technologies, which owns 100 percent of DASAL with the share transfer in line with ASELSAN's strategy to focus on certain areas and technologies, will try to strengthen its position in the sector and maintain its place in the market with innovative solutions.
Altınay Defense Technologies took an important step within the scope of its growth and expansion strategy at SAHA EXPO 2024 and took over the shares of ASELSAN Electronics Industry and Trade Inc., which represents 49 percent of the capital of its subsidiary DASAL Aviation Technologies Inc. With the share transfer agreement signed at the ASELSAN booth at SAHA EXPO, Altınay Defense Technologies increased its ownership rate over DASAL Aviation Technologies to 100 percent.
Altınay will strengthen Defense Technologies' position in the sector and strengthen its position in the market by offering innovative solutions. This strategic move will play a critical role in achieving long-term goals.
"We focus on what is said to be undoable"
ASELSAN General Manager Ahmet Akyol pointed out that SAHA EXPO, which brings together global players, paves the way for important collaborations and said the following:
"We are preparing ASELSAN for the future with our export-oriented growth strategy. At the same time, as one of the most important companies in our defense industry, we are taking steps to further grow our ecosystem. ASELSAN, the flagship of the Turkish defense industry, needs to focus on higher technology and challenging areas. One of ASELSAN's basic approaches is to transfer the work that can be done in Türkiye to other companies and to focus on the works that are said to be undoable. For this purpose, we transferred our 49 percent share in DASAL Aviation to Altınay Defence. With such strategic agreements, we are moving step by step towards our goal of making ASELSAN one of the world's top 30 defense industry companies by 2030. While creating value for Türkiye, we also offer ASELSAN's game-changing advanced technologies to our users all over the world."
"We are taking firm steps"
Hakan Altınay, Chairman of the Board of Directors of Altınay Defense Technologies, stated the following about the strategic step:
"Providing full ownership of DASAL Aviation Technologies will put Altınay's vision in the field of defense on a stronger basis. We are also grateful to all ASELSAN senior management, especially Mr. Ahmet Akyol, who adopted our strategic perspective and approached the issue positively by overlapping it with ASELSAN's focus strategy. This step is an important step towards further increasing our contributions to our country's defense industry, especially by developing our subcloud and multi-rotor drone solutions. As Altınay, we are taking firm steps forward to carry our high-tech solutions to a stronger position in the global market."
Burak Mercan, General Manager of Altınay Defense Technologies, commented on the agreement, "Our work and cooperation with ASELSAN will continue to increase with both Altınay Defense Technologies and DASAL Aviation Technologies with its new unmanned aerial vehicle products and platforms it is developing, thanks to its engineering competence as well as its renewed production technologies infrastructure and increasing capabilities."
Public Disclosure Platform statement from Altınay
Altınay Defense Technologies also announced this agreement with ASELSAN on the Public Disclosure Platform. The following information was included in the statement:
"With the decision of the Board of Directors of our Company dated 25.10.2024, in line with the growth and expansion strategy of our company, in order to adapt to the market dynamics, it has been decided to take over the shares of our subsidiary DASAL Aviation Technologies Inc., which belong to ASELSAN Electronics Industry and Trade Inc. and represent 49 percent of the capital, by our company. Within the scope of the share transfer agreement signed with ASELSAN Electronics Industry and Trade Inc. on 25.10.2024, our Company's share in the capital of DASAL Aviation Technologies Inc. has reached 100%.
