T&M Mühendislik ve İnşaat A.Ş.

What T&M Mühendislik ve İnşaat A.Ş. does

T&M Mühendislik ve İnşaat A.Ş. is a Turkish privately-held conglomerate (Anonim Şirket) headquartered in Beşiktaş, Istanbul, operating across five business divisions: construction, electro-mechanical contracting, trade/distribution, agriculture, and food & beverage. Founded in 1989 and rooted in mechanical contracting operations since 1995, the group claims 70+ completed projects across 10 countries spanning 3 continents, with a target customer base of institutional, governmental, and large commercial clients in Turkey, Iraq, Libya, and Azerbaijan.

The core revenue engines are construction and mechanical contracting for large-scale commercial, institutional, and industrial projects — including hospitals, universities, hotels, bank headquarters, government ministries, and factories. Documented project credentials include a 130,000 m2 university dormitory complex for Al-Fatah University in Tripoli, a 57,000 m2 Iraq ministry buildings project, a 32,000 m2 Coca-Cola factory in Iraq, and a 40,000 m2 five-star hotel and conference center in Erbil. The mechanical engineering division covers HVAC, fire protection, plumbing, water treatment, pumping stations, and smart building automation. The trade division is an authorized distributor for Daikin (HVAC) and Electrolux (white goods) products in Iraq and Libya, with physical retail stores in Erbil and Tripoli. The company also operates 65 decares of olive and almond farming in Çanakkale Geyikli and Manisa Köprübaşı producing Extra Virgin Olive Oil, and franchise operations for AYSU BÖREK (traditional Turkish cuisine) and ESPRESSOLAB (premium coffee chain) under the HESPERUS sub-brand.

The business model combines project-based professional services (construction and mechanical contracting), branded product distribution through authorized retail, agricultural production, and franchise-based food & beverage. Distribution operates through direct enterprise sales for construction and mechanical projects, physical retail storefronts for Daikin/Electrolux products in Iraq and Libya, and franchise agreements for F&B brands. Geographically, the group is anchored in Turkey with regional offices in Erbil (Iraq), Tripoli (Libya), and a forthcoming Baku (Azerbaijan) office. Named clients include Anadolu Bankası, Garanti Bankası, ABANK, Boğaziçi University, Al-Fatah University, Coca-Cola Iraq, and various Iraqi government ministries. The company is family-controlled (Başıtaş family, with Uğur Başıtaş as Chairman), holds ISO 9001, ISO 14001, and TÜV certifications, and is reported as privately held with no public market listing.

Name

T&M Mühendislik ve İnşaat A.Ş.

Legal name

TM MÜHENDİSLİK VE İNŞAAT A.Ş.

Website

https://tm.com.tr

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

T&M Mühendislik ve İnşaat A.Ş. is a Turkish privately-held conglomerate executing construction, electro-mechanical contracting, branded HVAC/appliance distribution, agriculture, and food & beverage franchises across 10 countries for institutional, governmental, and commercial clients.

Ownership category

akta.pro rank

Headquarters

HQ city

İstanbul

HQ country

Türkiye

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Mechanical Contracting: Mechanic installation services including heating, cooling, ventilation, fire protection, plumbing and treatment systems for buildings, hotels, hospitals, shopping centers, industrial facilities and factories. Services include design and turnkey execution of projects.
2. Construction Services: Construction of non-residential buildings including factories, workshops, hospitals, schools, hotels, offices, shops, shopping centers, restaurants, sports facilities, mosques, underground parking
3. Trading and Distribution: Authorized distribution of Daikin (HVAC/climate control) and Electrolux (white goods) products in Iraq and Libya through physical retail stores. CE certified products with ISO 9001 quality assurance.
4. Agricultural Production: Olive and almond farming on 65 decares producing Extra Virgin Olive Oil. First planting carried out on October 29, 2012.
5. Franchise Operations: Franchise operations with AYSU BÖREK (traditional Turkish cuisine) and ESPRESSOLAB (innovative coffee chain) brands in food and beverage sector

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

T&M Mühendislik ve İnşaat A.Ş. (TM Group) is a multi-sector Turkish conglomerate that executes large-scale non-residential construction projects and electro-mechanical contracting (HVAC, fire protection, plumbing, water treatment, smart building automation) for hotels, hospitals, shopping centers, industrial facilities and government buildings. The group also distributes Daikin climate control and Electrolux home appliances as an authorized distributor in Iraq and Libya, produces Extra Virgin Olive Oil through TM Tarım, and operates food & beverage franchises (AYS BÖREK and ESPRESSOLAB) under the HESPERUS brand.

Product overview

T&M Mühendislik ve İnşaat A.Ş. is a multi-sector conglomerate operating as a unified group of subsidiaries and brands. The core offerings span five divisions: (1) Construction/Inşaat — general building and infrastructure projects; (2) Mechanical Engineering/Mekanik — HVAC, fire protection, plumbing, and industrial installation contracting; (3) Trade/Ticaret — distribution of branded consumer appliances and climate control equipment; (4) Agriculture/Tarım — farming operations producing olives and almonds under the TM Tarım brand; and (5) Food & Beverage/Yiyecek & İçecek — operates through the HESPERUS brand and franchise agreements with AYSU BÖREK (Turkish cuisine) and ESPRESSOLAB (coffee chain). The group companies include TM Mühendislik, Turkuaz Mühendislik, TM Engineering, and TM Engineering & AHHECO Export and Trade Co. Ltd.

Differentiator

Problem solved

Functional benefit

Brands

• HESPERUS: Brand operated under TM for food and beverage sector operations alongside franchise partnerships.
• AYSUPastanesi
• ESPRESSOLAB

Products and services

• Mechanical Contracting (TM Mühendislik) Turnkey mechanical engineering and installation services covering central heating, steam and hot water pipelines, ventilation and air conditioning, fire protection, sanitary installations, water treatment, hospital-grade hygienic systems, and building/industrial automation for hotels, hospitals, shopping centers, industrial facilities and factories.
• Non-Residential Construction Services (TM İnşaat) Design and construction of non-residential buildings including factories, workshops, hospitals, schools, hotels, offices, shopping centers, restaurants, sports facilities, mosques and underground parking structures for enterprise and institutional clients.
• Mechanical Engineering Services (Turkuaz Mühendislik) Engineering and installation services for hotels, hospitals, shopping malls, administrative buildings, industrial structures, water treatment plants and energy production facilities delivered through Turkuaz Mühendislik, a TM Group subsidiary.
• Daikin Authorized Distribution (HVAC & Climate Control) Authorized distribution of Daikin air-conditioning and climate control products in Iraq and Libya, sold through retail stores in Istanbul, Erbil and Tripoli, with CE-certified and ISO 9001-assured products.
• Electrolux Authorized Distribution (Home Appliances) Authorized distribution of Electrolux white goods and home appliances in Iraq, sold through retail stores in Istanbul and Erbil with CE-certified and ISO 9001-assured products.
• TM Tarım Agricultural Production (Extra Virgin Olive Oil, Olives, Almonds) Production and sale of hormone-free Extra Virgin Olive Oil, olives and almonds cultivated across 65 decares in Çanakkale Geyikli and Manisa Köprübaşı regions of Turkey.
• HESPERUS Food & Beverage Operations HESPERUS is the food and beverage brand operated under TM Group, running franchise locations of traditional Turkish pastry and specialty coffee chains.
• AYS BÖREK / AYSU BÖREK Franchise Operations Franchise operations of AYSU BÖREK, a traditional Turkish cuisine and pastry brand focused on quality and hygiene standards and representing Turkish culinary culture.
• ESPRESSOLAB Franchise Operations Franchise operations of ESPRESSOLAB, an innovative Turkish coffee chain offering world gourmet coffee culture with carefully selected and specially roasted coffees.

Quantifiable outcome

• Zero accident workplace philosophy with measurable targets
• +1 more outcomes

Named customers20 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• DaikincoreChannel Partner/ Reseller/ DistributorAuthorized distributor for Daikin climate control and air conditioning products in Libya and Iraq markets. Daikin is the world's leading HVAC brand. Products are CE certified and ISO 9001 quality assured.
• ElectroluxcoreChannel Partner/ Reseller/ DistributorAuthorized distributor for Electrolux white goods products in Iraq market. Electrolux is one of the world's leading home appliance brands.
• AYS BÖREKcoreChannel Partner/ Reseller/ DistributorFranchise partnership for AYSU BÖREK brand, traditional Turkish cuisine chain known for quality and hygiene standards. TM operates franchise locations serving traditional Turkish flavors.
• ESPRESSOLABcoreChannel Partner/ Reseller/ DistributorFranchise partnership for ESPRESSOLAB, Turkey's innovative coffee chain offering world gourmet coffee culture with carefully selected and specially roasted coffees.

Scale indicators6 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Rönesans Holding: Turkish conglomerate with construction, real estate, energy, and industrial investments. Comparable to TM in its multi-sector Turkish-group structure, large-scale building construction, and cross-border (especially MENA/CIS) execution.
• Ant Yapı: Turkish construction company with strong focus on Russia, CIS, and MENA — hotels, hospitals, residential, and commercial projects. Comparable to TM in turnkey non-residential construction, geographic orientation toward neighboring regions, and customer profile.
• ENKA İnşaat: Turkey's largest international EPC contractor, executing large-scale non-residential and industrial projects across MENA, CIS, and beyond. Directly comparable to TM's construction and electro-mechanical contracting business, with a similar Turkish-headquartered, multi-region project delivery model.
• Kolin İnşaat: Major Turkish contractor with significant infrastructure and building projects in Iraq and the broader Middle East. Highly comparable to TM's geographic concentration in Iraq and focus on government and institutional building projects.
• Limak İnşaat: Turkish construction group with international airport, infrastructure, and building projects. Comparable in turnkey construction execution and presence in emerging markets, with overlapping customer segments in government and hospitality.
• Arfesan: Turkish mechanical contracting firm specializing in HVAC, plumbing, and fire protection installations for hotels, hospitals, and large commercial buildings. Closely comparable to TM Mühendislik's electro-mechanical contracting division.

Regional players

• BSH (Bosch Siemens) Turkey: Home appliance manufacturer and distributor in Turkey and the MENA region. Comparable to TM's distribution of branded home appliances (Electrolux) in regional markets, though BSH operates at significantly larger scale and from a different country headquarters.

Broad incumbents

• Çalık Holding: Diversified Turkish conglomerate active in construction, energy, finance, textiles, and FMCG. Comparable to TM in the diversified-holding structure and strong MENA/CIS project pipeline, though at a much larger scale.
• Daikin Turkey (Daikin Isıtma ve Soğutma Sistemleri): Turkish subsidiary of global HVAC leader Daikin — the same principal whose products TM distributes in Iraq and Libya. Comparable as the upstream principal; relevant for assessing partner economics and exclusivity durability.
• Arçelik: Turkey's leading home appliance manufacturer (Beko, Grundig, etc.) with global distribution. Comparable in the home-appliance distribution ecosystem in which TM operates via Electrolux, and as a regional scale benchmark for appliance distribution in MENA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/wix
• YouTubeyoutube.com/user/Wix
• Facebookfacebook.com/tm.com.tr
• Instagraminstagram.com/wix
• LinkedInlinkedin.com/company/t&m-m%C3%BChendislik-ve-i%CC%87n%C5%9Faat-a.%C5%9F.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 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 T&M Mühendislik ve İnşaat A.Ş.