Turkish defense company FNSS announced a major shift in its ownership structure as Nurol Holding has agreed to acquire the remaining shares of FNSS from BAE Systems. The deal, currently pending approval from Turkiye’s Competition Authority, will see Nurol Holding, which already holds a 51% majority stake, become the sole owner of FNSS.
The acquisition is expected to significantly boost FNSS’s capacity for innovation and expansion into new markets. As part of the Nurol Group, FNSS will continue its operations with a strong focus on sustainability and maintaining its leadership in the defense sector.
FNSS CEO Kadir Nail Kurt commented on the development, stating, “With the comprehensive support of Nurol Holding and the synergy created within the group, FNSS will continue to achieve new milestones in innovation and sustainability. Under the 100% ownership of Nurol Holding, FNSS remains fully committed to fulfilling all legal, contractual, and financial obligations.”
This change marks a significant step for FNSS, which has been a key player in the defense industry, known for producing armored combat vehicles and advanced defense systems, serving both domestic and international markets.