Acarsan Holding

What Acarsan Holding does

Acarsan Holding is a privately-held Turkish diversified conglomerate founded in 1977 and headquartered in Gaziantep, with a secondary office in Istanbul. The group operates across eight sectors — food, foreign trade, construction, healthcare, energy, automotive, fleet management, and vehicle inspection — through wholly-owned subsidiaries including Greeneco Enerji, Universal Acarsan, Acarsan Filo, Acarsan Otomotiv, Acarsan Taşıt Muayene, and ICONOVA, alongside 13+ sub-brands spanning pasta production (Rodilla Makarna), hospitality (Banetti Suites, Domenica), and real estate (Rodilla Premium Office).

Revenue is generated through a mix of project-based and recurring models. Universal Acarsan delivers turnkey hospital construction for the Iraq Ministry of Health, with completed 600-bed facilities in Hilla (2016) and Karbala (2020, USD 202 million) and an active pipeline across multiple Iraqi cities; the unit was ranked 98th globally by ENR in 2016. Greeneco Enerji operates geothermal, hydroelectric, and solar assets with 106.90 MWm/105.25 MWe installed capacity producing 807.408 million kWh annually, backed by USD 500 million in cumulative investment. Acarsan Filo provides operational car rental on 12–48 month corporate contracts covering maintenance, insurance, and support. Acarsan Otomotiv runs an authorized Audi dealership in Gaziantep and the DOD second-hand vehicle brand (Turkey's first and largest corporate second-hand brand since 1999). Acarsan Taşıt Muayene operates 5 permanent and 3 mobile vehicle inspection stations in southeastern Turkey as a TÜVTÜRK business partner. No external institutional investors, private equity involvement, or public listing is disclosed; control rests with the Acar family, with Selim Acar serving as Chairman of the Board.

Name

Acarsan Holding

Legal name

Acarsan Holding

Website

https://acarsan.com.tr

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Acarsan Holding is a privately-held Turkish conglomerate founded in 1977 (Gaziantep) operating across food, construction, renewable energy, automotive, fleet, and vehicle inspection, with subsidiaries serving Iraq's Ministry of Health, Turkey's national grid, corporate fleet clients, and regional consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Gaziantep

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Infrastructure, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Construction and Infrastructure: Turnkey hospital construction projects for government clients (Iraq Ministry of Health) including design, construction, medical equipment, and management systems. Major projects include 600-bed hospitals in Iraq ($202 million Karbala project).
2. Fleet Management and Operational Car Rental: Operational car rental services for corporate clients with 12-48 month terms covering maintenance, insurance, and support. Started May 2010, serves companies across Turkish provinces.
3. Renewable Energy Generation: Greeneco Energy produces electricity from geothermal, hydroelectric (HEPP), and solar (GES) sources. Total installed geothermal capacity of 106.90 MWm/105.25 MWe. $500 million total investment in renewable energy.
4. Automotive Sales and Service: Audi dealership operations and DOD second-hand vehicle purchase, sale, and exchange services serving the Gaziantep region.
5. Vehicle Inspection Services: TÜVTÜRK vehicle inspection station operations serving public vehicle inspection requirements across Mardin, Nusaybin, Siirt, Sirnak, and Cizre locations.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels4 records

Core offering

Acarsan Holding is a Turkish diversified conglomerate that operates turnkey hospital construction projects internationally (Universal Acarsan), renewable electricity generation from geothermal/hydroelectric/solar/wind sources (Greeneco Enerji with 106.90 MWm installed capacity), authorized Audi automotive sales and DOD second-hand vehicle services, operational corporate fleet car rental (Acarsan Fleet), TÜVTÜRK vehicle inspection stations, premium real estate (ICONOVA, Rodilla Premium Office), pasta production (Rodilla Makarna), and hospitality services (Banetti Suites, Domenica). The group serves both government/institutional clients (Iraq Ministry of Health, Turkey's national energy grid, corporate fleet customers) and end consumers (vehicle owners, Audi buyers, hotel guests) across Turkey and select international markets.

Product overview

Acarsan Holding is a diversified Turkish conglomerate operating across 8 sectors including Food, Foreign Trade, Construction, Health, Energy, Automotive, Fleet, and Vehicle Inspection. The portfolio includes Greeneco Enerji (renewable energy with geothermal, solar, and wind operations), Universal Acarsan (international construction and hospital projects), ICONOVA (premium real estate), Rodilla Makarna (pasta production), hospitality brands (Banetti Suites, Domenica), automotive services (Audi dealership, DOD second-hand vehicles), fleet management, and TÜVTÜRK vehicle inspection stations. The holding manages 13 distinct brands across its various business units, operating primarily in Turkey with international projects, particularly in Iraq.

Differentiator

Problem solved

Functional benefit

Brands

• Greeneco Energy: Renewable energy subsidiary focusing on geothermal, hydroelectric, solar and wind power generation
• Universal Acarsan
• Banetti
• ICONOVA
• Rodilla Premium Office
• Rodilla Makarna
• Acar Belina
• Pink Star
• Banetti Suites
• A Point
• Elessa
• BEN BEN
• RIA VIA
• Domenica

Products and services

• Greeneco Enerji (Renewable Energy Generation) Renewable electricity generation from geothermal, hydroelectric (HEPP), solar (GES), and wind power sources. Greeneco Enerji operates the Denizli-Sarayk\u00f6y-Tekkehamam geothermal site with 106.90 MWm/105.25 MWe installed capacity and 807.408 million kWh annual production capacity, supplying power to Turkey's national grid. The business serves wholesale energy markets and contributes to national renewable energy targets.
• Universal Acarsan (Turnkey Hospital Construction) International-standard turnkey hospital construction services for government healthcare clients. Universal Acarsan delivers full project scope including design, construction, medical equipment, building management systems, and hospital management systems. Major completed projects include 600-bed hospitals in Hilla (2016) and Karbala (USD 202 million, 2020) for the Iraq Ministry of Health. Ranked 98th in ENR's 2016 World's 250 Largest International Contractors.
• Acarsan Fleet (Operational Car Rental) Operational car rental service for corporate clients across Turkish provinces. Offers zero-kilometre passenger vehicles of every brand and segment under 12–48 month rental terms. Bundle includes maintenance, repair, insurance, and tyre change during the rental period, eliminating fleet administration and depreciation risk for the client.
• Acarsan Ta\u015f\u0131t Muayene (Vehicle Inspection Stations) T\u00dcVT\u00dcRK-branded mandatory vehicle inspection services operating 5 fixed stations (Mardin center, Mardin Nusaybin, Siirt center, \u015e\u0131rnak center, and \u015e\u0131rnak Cizre) and 3 mobile stations serving remote districts in southeastern Turkey. Services address road safety compliance for general public and transport sector vehicles.
• Acarsan Otomotiv (Audi Dealership and DOD Second-Hand Vehicles) Authorized Audi brand automobile dealership providing new vehicle sales and after-sales service in the Gaziantep region, complemented by the DOD second-hand vehicle platform (Turkey's first and largest corporate second-hand vehicle brand since 1999) offering purchase, sale, swap, and lending services. Serves upper-segment retail and corporate vehicle buyers in the region.
• ICONOVA (Premium Residential Real Estate) Premium residential housing development covering 52,000 m\u00b2 of land area with 255,000 m\u00b2 of indoor social facilities. Award-winning mixed-use project recognized by European Property Awards in residential high-rise architecture, residential development, and mixed-use development categories.
• Rodilla Makarna (Pasta Production) Pasta production brand operating under Acarsan Holding's Food sector, serving consumer and commercial pasta markets in Turkey.
• Banetti Suites (Hospitality) Luxury hotel and suite accommodation services operated under the Banetti Suites brand, part of Acarsan Holding's hospitality portfolio.
• Rodilla Premium Office (Premium Office Real Estate) Premium office space development and management brand under Acarsan Holding's real estate portfolio, providing Class-A office space to corporate tenants.

Quantifiable outcome

• 807.408 million kWh annual electricity production from geothermal sources
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• TOKKDER (All Car Rental Organisations Association)minorOthers · 1 January 2012Acarsan Fleet became a member of TOKKDER in 2012, Turkey's car rental industry association supporting professional standards.
• Iraq Ministry of HealthcoreStrategic or Co-development Partner · 1 January 2009Acarsan Holding, through Universal Acarsan, has an ongoing partnership with Iraq Ministry of Health for hospital construction projects. Signed agreements for 6 full-fledged 600-bed hospitals plus additional radiotherapy centers and smaller hospitals. Projects include Hilla (2016), Karbala (2020), and ongoing Basra, Amara, Nasiriye, Kut, Tuzhurmatu, Düceyil hospitals. Projects delivered turnkey including construction, medical equipment, building management systems, and hospital management systems.
• Doğuş Otomotiv (Audi Turkey)coreChannel Partner/ Reseller/ Distributor · 1 January 2009Acarsan Holding acquired Audi brand dealership through Doğuş Otomotiv partnership to meet regional demands in the upper-segment automobile market in Gaziantep region since 2009.
• TÜVTÜRKcoreChannel Partner/ Reseller/ Distributor · 1 January 2007Acarsan Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş. established in 2007 as a business partner of TÜVTÜRK (Turkish Vehicle Inspection Company) to contribute to traffic and vehicle safety. Operates 5 permanent stations in Mardin center, Mardin Nusaybin, Siirt center, Şırnak center and Şırnak Cizre, plus 3 mobile stations.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Doğuş Group: Turkish diversified group covering construction (Doğuş İnşaat), automotive (Doğuş Otomotiv - the national Audi importer and Acarsan's distribution partner), energy, and financial services. Highly comparable to Acarsan's mix of construction, automotive, and energy activities.
• IC Holding: Turkish conglomerate focused on construction, energy, and tourism with international operations including the Middle East. Comparable to Acarsan's overseas hospital construction and renewable energy focus.
• Kalyon Group: Turkish diversified company active in construction, renewable energy (including solar and wind EPC), defense, and real estate. Overlaps with Acarsan's energy and construction subsidiaries, both with a renewable energy trajectory.
• Sanko Holding: Gaziantep-headquartered Turkish diversified conglomerate operating in textiles, construction, energy, packaging, and food. Structurally the closest analogue to Acarsan Holding given the shared city of origin and parallel diversification into construction, energy, and food sectors.
• Zorlu Enerji: Turkish renewable energy company with operational geothermal, solar, wind, and hydroelectric assets. The most direct pure-play comparison to Greeneco Enerji within Acarsan Holding's renewable energy subsidiary.
• Limak Holding: Turkish holding active in construction (notably turnkey hospitals), energy (renewables and hydro), cement, and aviation. Directly comparable to Acarsan's Universal Acarsan hospital construction and Greeneco renewable energy subsidiaries.
• Garenta: One of Turkey's largest operational car rental brands, part of the Doğuş Group. Directly competes with Acarsan Fleet in B2B short- and medium-term operational rental across Turkish provinces.
• AVIS Turkey: Long-established operational car rental and corporate fleet brand in Turkey. Direct peer to Acarsan Fleet in the multi-month corporate rental segment with bundled maintenance and insurance services.

Broad incumbents

• Sabancı Holding: One of Turkey's largest publicly listed diversified conglomerates spanning banking, energy, industrials, cement, and retail. Comparable as a Turkish multi-sector holding with energy and construction exposure, though materially larger and more institutionalized than Acarsan.
• Koç Holding: Turkey's largest industrial conglomerate with operations in automotive (Ford Otosan, Tofaş), white goods (Arçelik), energy (Tüpraş, Aygaz), and finance. Relevant as the benchmark Turkish diversified holding with overlapping automotive and energy verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/acarsanholding
• Facebookfacebook.com/acarsanholding
• LinkedInlinkedin.com/company/acarsanholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Acarsan Holding