Key highlights
- FUCHS SE acquired the remaining 50% stake in OPET FUCHS, gaining 100% ownership of the Istanbul-based JV and its Aliaga (Izmir) plant.
- The purchase follows a February 2026 agreement and was completed after receiving all required approvals.
- Ahmet Oral will become Managing Director effective May 1, 2026.
- The unit employs about 250 people and is expected to generate roughly EUR 100 million in the current financial year.
Transaction
FUCHS completed the full acquisition of the OPET FUCHS joint venture, acquiring the 50% stake held by OPET under a February 2026 agreement; the deal, cleared after required approvals, gives FUCHS 100% ownership of the Istanbul-headquartered company and its production plant in Aliaga (Izmir).
Operations and financials
The unit employs about 250 people and is expected to generate roughly EUR 100 million in the current financial year; FUCHS cites the size, industrial base and growth potential of the Turkish market as strategic reasons for the move.
Leadership
Ahmet Oral will assume the role of Managing Director effective May 1, 2026; he has about 25 years' experience in the lubricants sector and previously worked for OPET FUCHS.
