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Project

Project

Cryogenic Procurement Due Diligence for TURKVEN Private Equity

PROCUREMENT reWIRED supported TURKVEN's procurement due diligence on KARBONSAN, a leading cryogenic equipment manufacturer — analysing the supply chain, procurement, supplier base and cost structures to sharpen the investment thesis.

Industry sector:

Cryogenic Equipment, Manufacturing

Region:

Europe · CET, TRT

Period:

Q2 2024 - Q1 2025

Teams:

TURKVEN PE & PROCUREMENT reWIRED

Scope:

Commercial Due Diligence, Procurement, Supply Chain, Operations

Output Situation

KARBONSAN, a leading manufacturer of cryogenic tanks and pressure vessels based in Istanbul with production in Bursa, was evaluated by TURKVEN as part of a targeted acquisition review. The company offers customized solutions for the storage, transportation and distribution of liquefied gases such as LNG, LOX and CO2 and exports to over 80 countries worldwide.

KARBONSAN, a leading manufacturer of cryogenic tanks and pressure vessels based in Istanbul with production in Bursa, was evaluated by TURKVEN as part of a targeted acquisition review. The company offers customized solutions for the storage, transportation and distribution of liquefied gases such as LNG, LOX and CO2 and exports to over 80 countries worldwide.

Under high time pressure in the initial phase, reliable statements on market size, growth, European competitor profiles, the value chain and operational efficiency levers were required in order to sharpen the investment thesis and manage risks at an early stage.

global market reach - export countries served

80+

global market reach - export countries served

80+

global market reach - export countries served

80+

due diligence - value drivers assesed

6

due diligence - value drivers assesed

6

due diligence - value drivers assesed

6

value creation roadmap - strategic growth levers defined

3

value creation roadmap - strategic growth levers defined

3

value creation roadmap - strategic growth levers defined

3

Implementation & Result

We carried out the following activities for TURKVEN as part of the due diligence for KARBONSAN:

We carried out the following activities for TURKVEN as part of the due diligence for KARBONSAN:

• Commercial analysis of cryogenic tanks market size, CAGR, segments and applications • Evaluation of the European key players including positioning and price points • Made critical components, make-or-buy options, capacities and bottlenecks transparent along the value chain and quantified costs and risk levers • Developed a strategic procurement playbook with supplier management and second-source options • Defined benchmarks for process and cost structures and identified initial quick wins to increase efficiency With the acquisition by TURKVEN in November 2024, KARBONSAN is consistently focusing on accelerated growth and a stronger export orientation. We are currently in talks with TURKVEN to provide strategic support for business development, particularly through targeted networking and market analyses in Europe, the Middle East and the USA.

About Turkven

TURKVEN is one of Turkey’s leading private equity firms.

Established in 2000, TURKVEN manages capital on behalf of global institutional investors and partners with market-leading companies to accelerate growth. Its investment team relies on rigorous due diligence — including deep procurement and supply-chain analysis — to validate assumptions and de-risk post-acquisition value creation, as in this cryogenic due diligence project.

Testimonial

They provided deep procurement and supply chain expertise translated into actionable insights that validated assumptions, mitigated execution risks, and advanced post-acquisition value creation.

They provided deep procurement and supply chain expertise translated into actionable insights that validated assumptions, mitigated execution risks, and advanced post-acquisition value creation.

They provided deep procurement and supply chain expertise translated into actionable insights that validated assumptions, mitigated execution risks, and advanced post-acquisition value creation.

Hale Ozsoy

Director, TURKVEN Private Equity

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Get in touch

Whether you have questions or just want to explore options, we’re here.

Erik Esly Porträt

By submitting, you agree to our Terms and Privacy Policy.

We are Based in MUNICH

Get in touch

Whether you have questions or just want to explore options, we’re here.

Erik Esly Porträt

By submitting, you agree to our Terms and Privacy Policy.

We are Based in MUNICH

© 2026 PROCUREMENT reWIRED. All rights reserved.

© 2026 PROCUREMENT reWIRED. All rights reserved.

© 2026 PROCUREMENT reWIRED. All rights reserved.