While foreign companies are continuing to invest in Turkish enterprises, Turkish small- and medium-sized businesses have started to buy foreign companies facing financial troubles. It was learned that a few Turkish investors under the leadership of Nuh Group CEO Can Nuhoğlu bought the German energy company Solarion AG, which is the producer of the thinnest and most flexible solar panel in the world. Germany-based OC3 AG, which is a subsidiary of OC3 Enerji A.Ş. established by Turkish investors, made one of its most important investments with this acquisition.
Established in 1990, Solarion has two facilities in Leipzig and Dresden. Annual production capacity of the company is above 20 megawatts. The equipment pool of the company with more than 60 patents is valued at around 60 million euros. Nuh Group, which is the main shareholder and general manager of OC3 AG, produces in various fields ranging from isolation and chemistry to telecommunication and construction. Nuh Group subsidiaries include Nuhpol, which produces Turkey's first polyurethane; Multiplan, which produces thermoplastic polyolefin (TPO) membrane, and Nuh Panel, which produces sandwich panels using nearly 10 percent of Turkey's color coated panel supply. Moreover, Nuhcontainer, Norus and Mobilon Telekom are also among Nuh Group subsidiaries. Nuh Group has a turnover of $90 million in exports to 35 countries on four continents.
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