Beko Elektronik A.Ş. was founded by
Vehbi Koç, the founder of
Koç Holding (who also founded
Arçelik A.Ş. in 1955, which is currently the parent company of Beko,
Grundig and
Indesit as of 2022), and Leon Bejerano in
Istanbul,
Turkey, in 1954. The company's name is a combination of the first two letters of the founders' surnames,
Bejerano and
Koç. In 2004, Beko Elektronik purchased the
German electronics company Grundig and by January 2005, Beko and its rival, Turkish electronics and white goods brand
Vestel, accounted for more than half of all TV sets manufactured in Europe. In April 2010, the electronics division of Beko renamed itself as Grundig Elektronik A.Ş. At the Extraordinary General Shareholders Meeting of Arçelik A.Ş. on 29 June 2009, it was decided to merge Arçelik A.Ş. with the company's subsidiary, Grundig Elektronik A.Ş. (to be administered directly by Arçelik A.Ş. of Koç Holding) by taking over all of Grundig's assets and liabilities as a whole. Beko started selling its products in Egypt in 2014 and, in June of that year, the company updated its logo. In India, Beko formed a joint venture with
Tata Group subsidiary
Voltas in 2017 to produce home appliances like
TVs,
dishwashers, and
washing machines under the Voltas Beko brand. In the year 2024, Beko Europe, the joint venture of
Arçelik and Whirlpool, was formed.
Bauknecht and other brands are now subordinate to Beko. == Products ==