FUCHS SE Finalizes Full Acquisition of OPET FUCHS Joint Venture

On April 30, 2026, FUCHS SE, a global leader in the lubricants sector, announced the completion of its full acquisition of the OPET FUCHS joint venture. Based on an agreement signed in February 2026, this transaction sees FUCHS acquiring OPET's 50 percent stake in the Istanbul-based venture, including its production facility in Aliaga, Izmir.

This strategic acquisition bolsters FUCHS' presence in Turkey, a market deemed crucial due to its size and industrial potential. FUCHS already commands a significant market position in diverse sectors such as industrial, OEM, mining, and automotive aftermarket.

Ahmet Oral will step in as Managing Director starting May 1, 2026. Bringing 25 years of experience from the lubricants industry, Oral has previously been part of OPET FUCHS. The company employs approximately 250 personnel and is projected to achieve a revenue of about EUR 100 million this fiscal year.