Baykar önemli bir adım attı ve İtalyan havacılık sanayiinin köklü şirketlerinden Piaggio için teklif verdi. Baykar'ın bu adımı en iyi teklif seçildi. Devamıo...
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They bought Piaggio for just under 100mil!
A juicy bargain!
Sometimes these big companies can be bought for even a penny. But they come with a lot of baggage.
There is no such thing as “free lunch” in business.
1. They may be heavily laden with debt.
2. Workforce redundancy monies could be horrifically high.
3. Order book may be low, sometimes non existent.
4. Responsibilities to government can be back breaking.
5. Only reason company may be solvent could be because of government subsidies.
We don’t know what the situation with Piaggio was. But Iam sure Baykar mast have weighed the pluses and minuses carefully before jumping in to bed with them.
Piaggio’s in book turnover was 152 million Euros. In their latest (2024) financial reports the net worth of company was put at 430 million Euros. So there must have been few negatives we do not know about that offset the value for which Baykar took onboard and gave guarantees.
Whatever the situation was, the bottom line is that Baykar has a foot in a major western aerospace company. If utilised correctly it can be very advantageous. Their engine part manufacturing side alone, is worth more than what they paid for the whole company; Not counting the market opportunities the new company can open for Baykar.
Of course this is a marriage made in heaven for Piaggio too. Because of the synergies of the two companies, even if Baykar’s offer were lower than other competitors, Italian government had to choose Baykar.
. Something must be brewing
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