Nurol Holding acquired full ownership of Turkiye’s leading defense contract, FNSS, which specializes in the design and manufacturing of armored vehicles. FNSS was previously owned by two major companies: Nurol Holding, with 51% shares, and BAE Systems, with 49% shares. After this recently signed contract, BAE Systems will also hand over those 49% shares to Nurol Holding.
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FNSS’s robust vehicle and turret portfolio, including its flagship brands such as KAPLAN, PARS, OTTER, MAV, ACVAD, SABER, and TEBER, among others, will remain intact, FNSS said in a press release. The press release further stated that “The
acquisition, which was recently agreed upon, is now under approval process by the Turkish Competition Authority. The
acquisition will be official after this final approval process.”
Umair Aslam is the Founder and Chief Executive Officer (CEO) of Global Defense Insight. He has worked as a defense journalist reporting on military modernization programs, defense industry, arms procurement, and emerging technologies.
