Koç Holding, Turkey’s leading investment holding; is the largest industrial group in terms of revenues, exports, taxes paid, share and capital value in Istanbul Stock Exchange market. Founded under the name of Türk General Elektrik Endüstrisi A.Ş. in 1965 by GE and Koç Group. As of 1979 Koç Group accessed the full control of the company and changed its named to Türk Elektrik Endüstrisi A.Ş. (TEE). By 1999 TEE was merged into Arçelik, the largest home appliances company in Turkey, second largest in EMEA with 11 global brands including Arçelik, Beko, Grundig serving products and services in more than 145 countries. Motors produced by Arçelik under TEE & WAT brands, known with their distinctive technology and durability, have been one of the most preferred choices of the major OEM’s worldwide.