The Mega Tender Goes to Global Giant Opus and Met-Gun Group. The Largest Capital Inflow in the Last 20 Years
Turkey has witnessed a significant development with the allotment of its vehicle inspection services to a new operator. The contract, previously held by TÜVTÜRK until 2027, has seen the MOI Consortium' comprising global giant Opus and Met-Gün Group 'emerge victorious for the 2027-2047 period. This monumental tender, valued at $1.72 billion, represents one of the most significant financial inflows Turkey has experienced in the past two decades.
📢 The Winning Consortium and Tender Specifics
The tender process for privatizing vehicle inspection services was initiated by Turkey's Privatization Administration, aiming to appoint controllers for the upcoming 20 years. Their selection, the MOI Consortium, features key industry contributors like Opus, Met-Gün İnşaat, Itversia Gestion S.L., and VTV Norte SA. Together, they form a formidable partnership with extensive global vehicle inspection experience. The tender outcome reflects a substantial gain for the Treasury, yielding an additional $1.19 billion over the previous agreement of 2007, finalized in two phases at $830 million and $890 million respectively.
🌍 The Competitive Landscape and Final Outcomes
A Fierce Competition: Domestic and International Players
The tender attracted a mix of both domestic and international consortia, with entrants including renowned firms from Germany, the UK, and the US. Doğuş Group, which previously partnered with TÜV SÜD, opted for a different strategy by participating with separate consortia. However, the competitive journey saw Doğuş Tem Group retreat, leaving the contest primarily between AGTT Consortium and MOI—the latter ultimately emerging as the victor across both designated regions.
Key Bids and Strategic Moves
First Region Tender:
Doğuş Tem Group's bid peaked at $805 million before withdrawal.
AGTT Consortium made a final offer of $825 million.
MOI clinched the win with a sudden bid of $830 million.
Second Region Tender:
Following the first region, Doğuş Tem Group paused after reaching a $810 million bid.
AGTT hovered indecisively but concluded at $884 million.
The ultimate win went to MOI with an $890 million bid.
Opus Group: A Global Dominion and Local Partner
The MOI Consortium achieved success through the synergy of US-based Opus, Spain’s Itversia Gestion, Argentina’s VTV Norte SA, and Turkey’s Met-Gün Group. Opus, with its dominance in the US 'covering 80% of the market' and extensive operations on four continents, collaborates with local players like Met-Gün to integrate their comprehensive vehicle inspection and smart support services in Turkey.
Opus Group’s Latin America President, Alfredo Granai, expressed eagerness toward entering this promising market, underscoring the synergistic collaboration with Met-Gün Group, which brings a shared expertise pool enhanced by both local and international insights.
Met-Gün Group's Unwavering Success and Future Prospects
Met-Gün Group has been a pivotal player for 38 years, impacting the energy, tourism, manufacturing, and construction sectors. Upholding high standards of quality and ethical practices, Met-Gün has undertaken significant infrastructure projects and extended its reach into renewable energies, such as wind and solar. Moreover, its ventures into the tourism industry further position Met-Gün as a pioneer of innovative entrepreneurship. The group continues to evolve, with plans for a new fertilizer plant, reinforcing its diverse business portfolio and underscoring its influential role in the mobilization and delivery of essential aid both in Turkey and Spain, benefiting local communities significantly.