SAFKR and Bozankaya €5 Million Deal Cancelled

12/01/2025 06 Ankara, Central Anatolia Region, RAILWAY, GENERAL, URBAN Rail Systems, TURKIYE, Trams

Safkar Cooling (SAFKR) on December 29, 2023 Bozankaya announced that the letter of intent signed with the company for 5.288.560 Euros was rejected. In the statement made on the Public Disclosure Platform (KAP) on January 10, 2025, it was announced that the agreement for the sale of rail system air conditioners to be used in the Istanbul Metro was cancelled. However, no detailed explanation was made regarding the reasons for the cancellation of the agreement.

New Developments Expected in the Rail System Project

The cancelled agreement covered an important rail system project for the Istanbul Metro. Safkar Cooling's expertise in the production of special air conditioning systems for metro vehicles and Bozankaya's experience in rail system solutions was seen as a collaboration that would make a great contribution to the project. However, if the agreement is not finalized, it could affect both the project processes and the goals of both companies.

Financial and Market Impacts

The cancellation of the agreement will affect both Safkar Cooling and BozankayaIt could put negative pressure on the company's stocks. Investors may demand more information about the companies' future projects and financial performance. Experts say that such cancellations could affect confidence in the sector as a whole and that companies will act more carefully in the future in order to develop new projects.

Detailed explanations are expected in the coming days

Both parties are expected to make a more detailed statement on the subject. Whether the cancellation is solely due to commercial reasons or whether technical or other issues are at play may become clear in the coming days. How companies will manage this process is being closely monitored both in the sector and by investors.

Safkar Cooling and BozankayaThe cancellation of the 5.288.560 Euro agreement may also set an example for other collaborations in rail system projects. The post-cancellation strategies of the companies will play an important role in determining competition and new opportunities in the sector.

21 Diyarbakir

Bus Services Increased on the Elidolu and Dicle University Route

13/02/2025 21 Diyarbakir, Southeastern Anatolia Region, GENERAL, HIGHWAY, Wheel Tire Systems, TURKIYE

Diyarbakir Metropolitan Municipality increased the number of services of the G1 line, which operates on the Elidolu and Dicle University route, where there is a high density. The Transportation Department has increased the number of services of the GXNUMX line, which operates on the Elidolu and Dicle University route, in order to provide faster transportation for citizens and [more…]