Otokar to Acquire Automecanica Mediaș in €85M Deal

Otokar has signed an agreement to acquire a 96.77% stake in Automecanica S.A. and its production facility in Mediaș, Romania, in a deal valued at approximately €85 million.

The transaction, signed on April 29, 2026, is subject to regulatory approvals. The move marks a key step in Otokar’s European expansion strategy and will establish the company as a defense manufacturer with industrial operations inside the EU.

The Mediaș facility spans around 140,000 sqm and employs over 250 staff, offering full-cycle production capabilities for armored vehicles. Otokar plans to use the site for the local production of COBRA II 4×4 tactical vehicles under its contract with Romania’s Ministry of Defense.

Full assembly operations are expected to begin in June 2026. The investment is set to strengthen Romania’s defense industrial base and support NATO-aligned production standards, while positioning the country within European and allied supply chains.