Simeco

What Simeco does

Simeco (legal name: SI.ME.CO Isı Ekipmanları ve Kalıp San. A.Ş.) is a Turkish manufacturer of premium built-in cooking appliances, headquartered in Torbalı/İzmir with main production operations in the Aegean Free Zone, Gaziemir-İzmir. The company designs and manufactures gas and electric built-in ovens (Simeco Oven Range) and gas, induction, ceramic and electric built-in hobs (Simeco Hobs Range), with featured product attributes including Easy Clean technology, removable inner glass, telescopic rail guides, flexible cooking zones, and the TB 6315 Vitroceramic Hob with automatic temperature maintenance. Production is carried out across 6 production lines in a 24,000 m2 facility (11,500 m2 covered), supported by an in-house enamelling operation and an on-site testing laboratory, with stated annual capacity of approximately 500,000 units.

The company is a wholly-owned subsidiary of Teka Group, a kitchen-appliance conglomerate with nearly 100 years of heritage. Following Midea Group's acquisition of Teka Group (announced June 2024, completed May 2025, excluding Teka Rus LLC), Simeco became an indirect subsidiary of Midea Group, a Fortune Global 500 company. Simeco holds ISO 9001, ISO 14001 and ISO 45001 certifications covering design, manufacture and sale of built-in kitchen appliances.

Commercially, Simeco operates a channel-partner and distributor go-to-market model: products are exported to over 40 countries across all continents and reach consumers through Teka Group's global sales network spanning 120+ countries. Pricing is not publicly disclosed; quotes are issued on a contact/request basis through a B2B professional area on simeco.com.tr. The customer focus is residential/home consumers seeking premium built-in cooking equipment, with marketing conducted via the company website, downloadable product catalogues, YouTube product/recipe content, and trade shows. The stated paid capital is 9,700,000 TL.

Name

Simeco

Legal name

SI.ME.CO Isı Ekipmanları ve Kalıp San. A.Ş.

Website

https://simeco.com.tr

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Simeco is a Turkish manufacturer of premium built-in cooking ovens and hobs, exporting to 40+ countries through Teka Group's global sales network and serving residential consumers seeking high-quality kitchen installations.

Ownership category

akta.pro rank

Headquarters

HQ city

Gaziemir

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Built-in cooking appliance sales: Simeco generates revenue through manufacturing and selling premium built-in cooking appliances including gas/electric ovens, induction/ceramic/gas hobs to global markets

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Simeco designs and manufactures premium built-in cooking appliances, including gas and electric ovens and gas, induction, ceramic, and vitroceramic hobs. The company operates a 24,000 m² production facility with six lines and an annual capacity of 500,000 units in the Aegean Free Zone, Izmir, Turkey. Products are exported to more than 40 countries worldwide and distributed through Teka Group's global sales network.

Product overview

Simeco is a leading manufacturer of premium-quality built-in cooking appliances in Turkey, producing a full range of products including Gas/Electric Ovens (Simeco Oven Range) and Gas/Induction/Ceramic Hobs (Simeco Hobs Range). The company operates as part of Teka Group and manufactures approximately 500,000 units annually across 6 production lines in a 24,000 m2 facility located in the Aegean Free Zone. The product portfolio is distributed across two main categories: Ovens featuring easy-clean technology, removable inner glass, and telescopic rail guides; and Hobs including the TB 6315 Vitroceramic Hob model with automatic temperature control functions. All products are exported to over 40 countries worldwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Simeco Hobs Range Built-in cooking hobs available in gas, electric, induction, and ceramic variants, featuring touch controls, flexible cooking zones, and modern design for residential kitchen installations.
• Simeco Oven Range Built-in cooking ovens in gas and electric configurations for residential kitchens, featuring Easy Clean technology, easy-to-remove inner glass, and telescopic rail guides.
• TB 6315 Vitroceramic Hob Vitroceramic hob from the Simeco Hobs Range with automatic cooking functions that maintain optimal temperature throughout the cooking process.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Whirlpool Corporation: Whirlpool is one of the largest global home appliance manufacturers (KitchenAid, Maytag, etc.). Built-in cooking appliances are a major product line and compete head-on with Simeco's Teka-branded offerings.
• Midea Group: Midea Group is Simeco's ultimate parent company following the May 2025 acquisition of Teka, and is also a major global manufacturer of cooking appliances under its own and other brands. Highly comparable in product category with overlap in induction/ceramic hobs and ovens.
• BSH Hausgeräte (Bosch Home Appliances): BSH (Bosch, Siemens, Neff, Gaggenau) is one of the world's largest manufacturers of built-in cooking appliances. Directly competes with Simeco/Teka in the premium built-in oven and hob category across global markets.
• Samsung Home Appliances: Samsung produces premium built-in ovens and induction hobs as part of its home appliance portfolio. Directly competes with Simeco in the mid-to-premium tier across global distribution.
• Electrolux: Electrolux (including AEG and Zanussi brands) is a global major appliance incumbent with a significant built-in cooking product line. Overlaps with Simeco on premium built-in ovens and hobs in European and global markets.
• LG Electronics Home Appliances: LG manufactures a broad line of home appliances including built-in ovens, induction hobs, and combination cooking products. Comparable to Simeco in product category and target customer segment.

Direct peers

• Teka: Teka is Simeco's direct parent company and the brand under which Simeco products are sold. Both produce built-in ovens and hobs with overlapping product roadmaps and shared distribution channels.
• Franke Group: Franke is a manufacturer of kitchen systems including sinks, cooking appliances, and hoods. Comparable to Simeco in built-in kitchen equipment portfolio and B2B distribution to kitchen installers and dealers.
• Smeg: Smeg is an Italian manufacturer of premium built-in cooking appliances and kitchen equipment. Directly comparable to Simeco/Teka in the premium built-in oven/hob category with similar design-forward positioning.
• Gorenje (Hisense Group): Gorenje, part of Hisense Group, manufactures built-in ovens and cooking hobs with significant European distribution. Comparable to Simeco in product line, scale, and channel-led go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/si.me.co-isi-ekipmanlari-ve-kalip-san-a.s

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Simeco