Altınay Defense Technologies Acquires 100% Ownership of DASAL

Altınay Defense Technologies has achieved full ownership of its subsidiary, DASAL Aerospace Technologies Inc. By acquiring the remaining 49% stake previously held by ASELSAN, Altınay has increased its shareholding in DASAL to 100%, marking a significant milestone in its growth and expansion strategy.

A New Era with Full Ownership

The share transfer agreement, signed during SAHA EXPO 2024, officially positioned Altınay Defense Technologies as the sole shareholder of DASAL. This strategic move, aligned with ASELSAN’s focus on specific technology areas, is considered a major gain both in terms of inter-company collaboration and for the broader Turkish defense industry.

With this new structure, Altınay Defense Technologies aims to accelerate its efforts in areas such as sub-cloud unmanned aerial vehicles and multi-rotor drone systems, strengthening its role as a leading innovator in the defense and aerospace sectors.

“We Focus on What Others Say Can’t Be Done”

Commenting on the share transfer, ASELSAN General Manager Ahmet Akyol highlighted the company’s strategy of focusing on advanced technologies:

“One of ASELSAN’s core approaches is to delegate projects that can be handled domestically to other firms within our ecosystem, allowing us to concentrate on what is often deemed impossible. Our decision to transfer our shares in DASAL to Altınay stems from this strategic vision. Our goal is to position ASELSAN among the top 30 defense companies in the world by 2030.”

“We Are Moving Forward in High Technology with Confidence”

Hakan Altınay, Chairman of the Board of Altınay Defense Technologies, stated that this acquisition aligns with the company’s long-term strategic vision:

“Achieving full ownership of DASAL solidifies Altınay’s foundation in the defense industry. ASELSAN’s strategic approach to this transition has made the collaboration even more valuable. We are determined to elevate our high-tech solutions and products to a stronger global position.”

“Our Engineering and Production Strength Will Further Support the Collaboration”

Burak Mercan, General Manager of Altınay Defense Technologies, emphasized that their collaboration with ASELSAN extends beyond this acquisition:

“Our partnership with ASELSAN will continue to grow, fueled by our engineering expertise and advanced production capabilities. This collaboration will also serve as a foundation for the next generation of unmanned aerial platforms developed by both Altınay and DASAL.”

Official Disclosure Made via Public Disclosure Platform (KAP)

Altınay Defense Technologies formally announced the share acquisition through Türkiye’s Public Disclosure Platform (KAP) with the following statement:

“In line with our growth and expansion strategy, our company has decided to acquire the 49% stake in DASAL Aerospace Technologies Inc., previously owned by ASELSAN Electronic Industries Inc. Following the share transfer agreement signed on October 25, 2024, Altınay Defense Technologies now holds 100% ownership of DASAL Aerospace Technologies Inc.”