# 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.

- Type: Investment
- Announced: 2023-10-19
- Where: Istanbul, Türkiye
- Value: $53.0M (50.0M EUR)
- Status: announced
- Products: smart switchgear, low voltage protection and control products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [XKoren Electric](https://endata.com/companies/73136.md)

## Sources

- [dgngate.com](https://www.dgngate.com/en/2023/10/19/211488/), 2023-10-19: "Turkish electrical control equipment manufacturer XKoren Electric has intensified its global expansion strategy with a €50 million investment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.