Yokogawa Europe B.V. has acquired 100% of the shares of its distributor in Turkey, Birleşik Endüstriyel Sistemler Ve Tesisler A.Ş.(BEST), which is based in Izmir. The acquisition of shares was carried out on November 25. With this acquisition, Yokogawa strengthens its focus on Turkey as a market with substantial growth potential. It will allow Yokogawa to extend its position in promising segments such as the power industry.
Through the acquisition, Yokogawa will also enhance its relationships with customers in Turkey. Yokogawa is celebrating its 100th anniversary in 2015, and is continuing to create new value with its clients for a brighter future. The company is now accelerating its efforts to bring about a transformation that will allow the company to sustain growth for another 100 years. To share the essence of this vision statement with stakeholders and encourage all employees to join forces in the pursuit of this initiative, Yokogawa has established the corporate brand slogan of "Co-innovating tomorrow".
The term "Co-innovating" conveys Yokogawa's determination to engage in the co-creation of value through the development of solutions in long-term partnerships with clients, "tomorrow" expresses the company's resolve to move steadily into the future one step at a time.
