Wedoany.com Report-Dec.12, TITAN Group has signed a share purchase agreement to acquire 100% of Traçim Çimento Sanayi ve Ticaret AS, a modern integrated cement producer in Türkiye, for approximately US$190 million. The transaction was announced on 11 December 2025 and is subject to customary regulatory approvals and closing conditions, with completion expected in the first quarter of 2026.

Traçim operates a 2.5 million tonne per annum cement plant that serves the fast-growing greater Istanbul construction market and maintains export capability to neighbouring countries and the United States. The acquisition significantly strengthens TITAN's position in the Marmara region, where it already runs a grinding facility and a pozzolana quarry.

The deal forms part of TITAN's "TITAN FORWARD 2029" strategy, which emphasises geographic optimisation, inorganic growth and enhancement of its export platform, particularly toward the US market.

TITAN expects the new asset to generate more than US$140 million in annual revenue and over US$50 million in EBITDA. The transaction is projected to be accretive to earnings per share from 2026, with further upside from operational synergies in subsequent years.

In parallel, TITAN and the sellers are discussing a potential large-scale solar power project at the Traçim site to support the group's decarbonisation objectives.

The acquisition reinforces TITAN's long-term commitment to Türkiye and expands its integrated production base in one of Europe and the Eastern Mediterranean's most dynamic cement markets.