Research analysts covering TPI COMPOSITES.
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TPI Composites Completes Divestiture of Turkish Subsidiaries
TPICQ
M&A
Accounting Changes
Layoffs
- TPI Composites, Inc. (TPICQ) completed the sale and transfer of its ownership interests in TPI Türkiye on September 10, 2025.
- The transaction involved the sale of two wind blade manufacturing facilities and a field service inspection and repair business in Izmir, Türkiye, with the purchaser assuming the entire liability and debt position of TPI Türkiye.
- TPI Türkiye comprised the majority of the Company's EMEA segment and approximately 2,700 Turkish employees were transferred as part of the Transaction.
- Unaudited pro forma financial information is provided, reflecting the removal of TPI Türkiye's assets, liabilities, and results of operations, with the pro forma balance sheet as of June 30, 2025, and pro forma statements of operations from January 1, 2023.
Sep 16, 2025, 6:15 PM
Quarterly earnings call transcripts for TPI COMPOSITES.
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