FUCHS SE Takes Full Control of OPET FUCHS Joint Venture

FUCHS SE has announced its acquisition of OPET's 50% stake in the joint venture OPET FUCHS, based in Istanbul, Türkiye. With this move, FUCHS will wholly own the company, now named FUCHS LUBRICANTS TÜRKIYE, by the end of April 2026. This acquisition aims to bolster FUCHS' standing in the Turkish market, which is critical due to its size and growth potential.

The strategic decision to acquire the remaining shares enables FUCHS to capitalize on growth opportunities in the industrial, OEM, mining, and automotive sectors. The joint venture, since its founding in 2005, expanded from industrial to automotive lubricants, reflecting its comprehensive market reach.

The partnership with the KOC Group and Öztürk family has provided FUCHS with strong process expertise and a solid customer base, which will continue post-acquisition. FUCHS anticipates revenue of EUR 100 million this financial year from its approximately 250 employees in Türkiye.