TEMSA Strengthens Global Footprint with Record Growth, Targets $1 Billion in Revenue

TEMSA, a leading global manufacturer of commercial vehicles, continues to accelerate its international expansion with strong and steady growth. Over the past four years, the company has achieved a remarkable 320% increase in revenue in USD terms, reaching $462.1 million by the end of 2024. This milestone reinforces TEMSA’s growing footprint in key global markets, particularly across the United States and Europe, where demand for its innovative mobility solutions continues to rise significantly.

Operating under the Sabancı Holding-PPF Group umbrella since late 2020, TEMSA has reached its highest sales volume in a decade, setting new industry benchmarks in 2024 despite global economic challenges.

In 2024 alone, TEMSA recorded a 49% sales increase in the U.S., 32% growth in France, and an impressive 54% expansion in Western Europe—marking its strongest performance in these regions. These figures highlight TEMSA’s accelerating momentum in the commercial vehicle sector, solidifying its position as a key player in the global mobility landscape.

Breaking New Ground in the Mobility Sector

Commenting on TEMSA’s remarkable growth, CEO Evren Güzel emphasized the company’s resilience and agility in an evolving market. “The mobility industry has faced significant disruptions, yet TEMSA has continued to expand its global footprint and strengthen its market position,” said Güzel. “Our latest performance not only highlights our ability to navigate uncertainty but also reaffirms our status as a leading brand in commercial transportation.”

TEMSA’s revenue climbed to an all-time high of $462.1 million in 2024, with 68% of earnings generated from international markets. “We have solidified our position as a truly global brand, with the majority of our revenue now generated from international markets,” Güzel added.

Financial Strength Fuels Expansion

Reflecting on TEMSA’s transformation, Güzel noted that 2020 was a pivotal year for the company. “Joining the Sabancı-PPF partnership and emerging from restructuring were critical milestones for TEMSA. Since then, we have tripled our revenue in USD terms, positioning ourselves as a financially robust and strategically agile player in the industry.”

A key development in 2024 was TEMSA’s successful securing of a €90 million syndicated loan from a consortium of five banks. This funding allowed the company to exit its 2020 restructuring agreement and accelerate its global growth initiatives. “This financial flexibility empowers us to lead the shift toward zero-emission mobility, invest in cutting-edge technology, and further cement our position as an industry leader,” Güzel stated.

Committed to customer-centric innovation

Looking ahead, TEMSA is focused on transforming into a comprehensive mobility solutions provider. “We aim to go beyond being just a vehicle manufacturer. TEMSA’s vision is to be recognized globally as a pioneering mobility brand,” said Güzel.

“At the heart of our strategy is a commitment to customer-centric innovation. We aim to be a partner on every journey, offering cutting-edge, sustainable mobility solutions. Our long-term vision is clear: TEMSA is on track to reach $1 billion in revenue as a future-forward mobility leader,” Güzel concluded.