FNSS announced a landmark agreement that underscores a long-standing partnership and mutual respect. Under the agreement, Nurol Holding will acquire 49% of shares held by BAE Systems in FNSS Savunma Sistemleri A.Ş., securing full ownership of the renowned Turkish defence company. The acquisition, which was recently agreed upon, is now under approval from the Turkish Competition Authority. The acquisition will be official after this final approval process. As the majority shareholder with 51% of this long-standing partnership for several decades, Nurol Holding will become the 100% owner of FNSS. This strategic acquisition is poised to bolster FNSS's innovative capabilities, expand its reach in both local and international defence markets and support enhanced financial growth.

For over 35 years, FNSS has been highly regarded as a joint venture that has earned the reputation of being a globally trusted and respected Turkish defence company. Its vision and mission are firmly rooted in providing value to its users and stakeholders through innovative solutions. The acquisition of full ownership by Nurol Holding ensures the continuation of FNSS's legacy, maintaining its unique brand identity and its strategic vision, which fully align with Nurol Holding's broader defence objectives.