◂ Announcements

Oct 19, 2023INVESTMENTIstanbul, Türkiye

XKoren Electric invests €50M in global expansion with Middle East focus

Turkish electrical control equipment manufacturer XKoren Electric announced a €50 million investment to expand globally, including establishing regional offices in 14 countries and inaugurating a new factory in Istanbul.

Value

$53.0M (50.0M EUR)

Status

Announced

Productssmart switchgearlow voltage protection and control products

CompaniesXKoren Electric

Sectors#Electrical Equipment

“Turkish electrical control equipment manufacturer XKoren Electric has intensified its global expansion strategy with a €50 million investment.”dgngate.com

1 source
dgngate.comTurkish electrical control equipment manufacturer XKoren accelerates Middle East investments - DGN GateIRISMEDIA Dana Al SadeqOct 19, 2023

Summarized from public sources; check the original articles before acting on it.

Similar announcements

Nov 4, 2026INVESTMENTBrazil, Brazil$230.0M
TSEA invests $230M in transformer capacity including new Brazilian factory
TSEA transformer-magazine.com
Nov 3, 2026INVESTMENTUnited States$237.0M
DOE launches $237M grid manufacturing funding
U.S. Department of Energy transformer-magazine.com
Nov 3, 2026INVESTMENTContagem, Brazil, Brazil$230.0M
TSEA Energy invests $230M to expand transformer capacity in Brazil
TSEA Energy fortune.com eznewswire.com transformer-magazine.com
Oct 31, 2026INVESTMENTIndia
AE Components to invest ₹193.58 crore in transformer components facility
AE Components Private Limited Atlanta Electricals Limited investor newsonprojects.com
Oct 28, 2026INVESTMENT$1.40M
Electrovaya invests $1.4M in Janus for diesel-to-electric truck conversions
Janus Electrovaya investor mmh.com
Aug 18, 2026EXPANSIONSakarya, Türkiye100 jobs
ESKA Valve to invest €30 million in Sakarya smart gas meter capacity
ESKA Valve en.eskavalve.com

Loading…