Otokar’s Acquisition of Automecanica SA Approved by Romania
Romania’s foreign direct investment authorities have approved the acquisition of Automecania SA by Otokar, to support the local production of Cobra II 4x4.
Romania’s foreign direct investment authorities have approved the acquisition of Automecania SA by Otokar, to support the local production of Cobra II 4x4.
Kazakhstan’s Senate shared the roadmap for the BESQARU Plant, producing Otokar’s armoured vehicles, including TULPAR tracked IFV and ALPAR UGV, for 2026.
OTOKAR displayed the first Romanian-produced COBRA II 4x4 tactical armoured vehicle in the BSDA2026 defence exhibition, held in Romania’s capital, Bucharest.
Otokar has signed a deal to acquire Automecanica SA in Romania, gaining control of an EU-based armoured vehicle production facility for future operations.
Otokar displayed armoured vehicles in Kuala Lumpur, aligning its portfolio with growing demand for mobile, protected land systems in the Asia-Pacific region.
Otokar announced that the first batch of the 1059 Cobra II 4x4 armoured vehicles to be produced for Romania has entered service with the Romanian Land Forces.
A Romanian court has ordered the suspension of enforcement for a €46 million penalty claim against Otokar under the COBRA II armoured vehicle programme.
Romania begins distributing the first batch of COBRA II vehicles to army units as deliveries proceed despite contractual tensions over localisation milestones.
Romania imposed a new penalty over Cobra II delays, while Otokar moves ahead with local production and positions investment as its European manufacturing hub.
Otokar to acquire its industrial partner Automecanica shifting from a mandatory JV model to ownership to strengthen local production execution and oversight.
Otokar facing a TRY 2bn penalty in a Romanian 4x4 programme highlights how harsh contract clauses can deter bidders and risk delaying capability delivery.
Otokar has agreed to pay compensation over schedule delays in its Romania COBRA II 4X4 armoured vehicle contract; deductions to come from 2025 revenues.
Otokar announced an order from an unnamed customer for its Cobra II 4x4 tactical armoured vehicles, worth $83.6 million, with the deliveries planned for 2025.
Otokar will show TULPAR and COBRA II scale models at Expodefensa 2025 as it pursues Latin American ties through technology transfer and local production.
Otokar partners with Slovenia’s Guardiaris for military vehicle simulation solutions, expanding collaboration into new markets and joint product initiatives.
Otokar increased its vehicle sales to 3,430 units in the first half of 2025, driven by strong domestic and global demand, including major defence exports.