Consumer Electronics, Home Appliances, Information Technology
Founded
1984
Headquarters
Manisa, Turkey
Area served
Europe, Middle East, Central Asia
Key people
Ahmet Nazif Zorlu (Chairman) Ergun Guler (CEO)
Products
Televisions, major appliances, digital signage displays, smartphones
Revenue
$3.5 billion (2022)[1]
Operating income
$302 million (2022)
Net income
$67 million (2022)
Total assets
$3.4 billion (2022)
Number of employees
20,438
Parent
Zorlu Holding
Website
www.vestelinternational.com
Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics, major appliances and information technology. Vestel's headquarters and production plant are located in Manisa, while the company's parent conglomerate is the Istanbul based Zorlu Holding.
Vestel, together with its subsidiary brands has a significant share in the European market of consumer electronics and home appliances, in particular TV sets.[2] As of 2006, Vestel was the largest TV producer in Europe with more than 8 million units sold, accounting for a quarter of the European market.[2] Vestel also has a subsidiary brand Vestfrost, used for white goods, and Luxor, used for televisions, sold in the Nordic countries. In 2014, Vestel entered the smartphone market.
Most TVs produced by Vestel are sold under licensed brand names such as Toshiba, Hitachi, Polaroid, JVC, Bush, Alba and many own brand labels.
In 2021, Vestel Customer Services received two awards from the 4th CX Awards Turkey and one award from the Istanbul Marketing Awards.[3]
Vestel is a Turkish home and professional appliances manufacturing company consisting of 18 companies specialised in electronics, major appliances and...
The Vestel Karayel is a surveillance, reconnaissance and later combat unmanned aerial vehicle system developed by Lentatek. The drone is currently operated...
Lucien De Vestel (January 26, 1902 in Elsene – August 21, 1967 in Brussels) was a Belgian architect known for designing the Berlaymont in Brussels. He...
who injected the club with money. In turn, Manisaspor were re-branded as Vestel Manisaspor. Their first promotion to the Süper Lig came in 2005 under the...
Robert Otis De Vestel (January 5, 1925 - September 30, 1997) was an American set decorator. He was nominated for two Academy Awards in the category Best...
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giant Nokia, and actually only a brand name used by Turkish manufacturer Vestel for a line of consumer electronic related products, including flatscreen...
founded by Hacı Mehmet Zorlu. Zorlu Holding acquired the aviation company Vestel in 1994. In December 2006, the most important stakeholders of the Zorlu...
Togg. Togg is the first all-electric vehicle company of Turkey. Arçelik, Vestel, and Beko are major manufacturers of consumer electronics. Arçelik is one...
– Vestel Defence Industry 16.06.2016: Vestel UCAV's firing test video 1 Karayel UCAV MAM-L Firing Test – Vestel Defence Industry 25.06.2016: Vestel UCAV's...
brand. The same month, Sharp also announced a tie-up with Vestel in Europe for white goods. Vestel will sell Sharp-branded white goods (except air conditioners)...
provisional name Centre Administratif Europe, was designed by Lucien De Vestel, in association with Jean Gilson (Groupe Alpha), André and Jean Polak and...
company HTC Thailand AIS DTAC True Wellcom Tunisia EvertekTunisie Turkey Vestel United Arab Emirates Thuraya United Kingdom Bullitt Group A hardware manufacturing...
In 2011, the brand was sold to Turkish white goods and TV manufacturer Vestel who relaunched the brand in 2012. Servis Domestic Appliances manufactured...
acquired by Nokia in 1985. The brand name is now owned by Turkish company Vestel and is used for televisions sold in the Swedish market. Originally a manufacturer...
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...
Anka TAI Aksungur General Atomics MQ-9 Reaper BAE Systems Mantis IAI Eitan Vestel Karayel CAIG Wing Loong Related lists List of active Turkish military aircraft...
acquiring 82 percent ownership of Vestel Electronics, one of the largest publicly traded companies in Turkey. Vestel manufactured colour televisions, Betamax...
Commission - European Commission. Retrieved 19 August 2022. Leora Broydo Vestel (6 July 2009). "Incandescent Bulbs Return to the Cutting Edge". The New...
fully compatible with CI+. Some Tesco Technika models. Many Vestel based TV sets. Newer Vestel based TV sets are marking the fact they are CI+ certified...
Global Information
$3.5 billion (2022)[1]
$302 million (2022)