Arcelik May Bid For GE Appliance Division

Turkey’s Arcelik AS (known as Beko in the UK) may bid for General Electric Co.’s appliance division, CEO Aka Gunduz Ozdemir said. Arcelik is considering a bid for the unit, possibly in partnership with a private equity firm, and hasn’t made a decision yet, Ozdemir told reporters. Arcelik needs ac…

Arcelik Introduces A Fridge With Seven Drawers

The only Turkish company rising in the world patent league, Arcelik (Beko), is now breaking into new ground with new products. With a new system called Divide & Cool (DAC) – Divisible Cooling Technology, Arcelik has managed to operate with one compressor per fridge split into seven sections a…

Arcelik (Beko) Falls to 3-Year Low as Net Plunges & Ratings Cut!

Bloomberg have reported that Arcelik, Turkey’s biggest maker of household appliances who are known in the UK under the Beko brand name, slumped to the lowest in almost three years in Istanbul trading after profit plunged 51 percent last year and Merrill Lynch have downgraded the company’s stock. …

Beko Snaps Up Grundig

Turkish Koc Group has acquired Grundig, the electronics company symbol of the German revival of the period after the World War II. The group has controlled since 2004 the historic company through company Beko, in partnership with British Alba, now it has acquired 100 pct. of the company, it was r…

Arcelik To Grow Via Acquisitions

Leading Turkish domestic appliances manufacturer Arcelik ARCLK.IS who produce the Beko brand of washing machine, refrigeration and cooking products in the UK, say that they will will continue to grow via acquisitions, CEO Aka Gunduz Ozdemir told a news conference on Monday. Earlier the company sa…

Beko Electronics To Sell Property

Beko Electronics’ management has been granted authorization to sell its property in Beylikdüzü and relocate its production facilities. Care has been taken for the continuation of the production during relocation of the facilities. Last October, Arcelik has increased its shares in Beko from 22….

Turkish Beko sales rise hitting international markets

Beko has become one of the most rapidly rising companies in the Turkish electronics industry, according to Beko Electronic Co. Manager Oğuzhan Öztürk. While at the International Electronics Fair (IFA) in Berlin over the weekend, noted that Beko had created a great synergy upon merging with Arc…

Turkish Arcelik Buys Chinese Washing Machine Maker

Leading Turkish household appliance maker Arcelik (Beko) said today it had bought a Chinese washing machine manufacturer as part of it strategy to expand in the region. Arcelik was to pay 60 million yuan ($8 million) for Changzhou Casa Shinco Electrical Appliances Co. Ltd, which owns a factory wi…

Beko’s top tips for a cleaner Spring

Spring cleaning your kitchen doesn’t need to be a last minute frenzy this year. Beko, one of the UK’s leading home appliance brands, has come up with some top tips to not only take the hassle out of cleaning your kitchen but also to ensure that you get the best results.