UZMAR Group secures EUR 28 million financing agreement with AKA Export + Trade Bank to expand shipyard facilities.
Long-term financing supports strategic investments in pilot boat and tugboat production.
The UZMAR Group has signed a EUR 28 million financing agreement with Germany-based AKA Export + Trade Bank (AKA Bank), strengthening its long-term growth strategy and expanding investments in its shipyard facilities. This is the first tranche of investment.
The 10-year Euler Hermes-backed facility was signed by A. Noyan Altuğ (Chairman of the Board, UZMAR Group), Marck Wengrzik (CEO, AKA Bank) and Yücel Yilmaz (Director Export & Agency Finance, AKA Bank).
The financing will enable UZMAR to significantly increase its capacity for the construction of pilot and tug vessels. This expansion of the company’s fleet represents a strategic milestone, reinforcing its leadership in the sector and underlining its commitment to sustainable, long-term investments.
“This financing agreement marks a significant step in our growth journey,” said A. Noyan Altuğ. “With the support of AKA Bank and Euler Hermes, we are well positioned to expand our shipyard capabilities, deliver innovative projects and continue to contribute to the economy and national welfare.”
CEO Marck Wengrzik adds: "We are delighted to support the Turkish shipbuilding industry, a fast-growing and promising industrial sector, by financing UZMAR Group.“
With this agreement, UZMAR is confirming its determination to advance strategic projects in the future, leveraging its strong financial structure to create added value for the maritime industry and beyond.
The transaction was supported by the Turkish consulting firm Danista Capital Partners, based in Istanbul (Turkiye), which serves as a strategic partner of AKA Bank in the Turkish market. It was also accompanied by Textima Export Import GmbH, based in Berlin (Germany), which contributed as the packager and acted as the general exporter.
