Pasifik Holding

What Pasifik Holding does

Pasifik Holding is a publicly listed Turkish investment holding company (BIST: PAHOL, IPO November 21, 2025) that operates 55 companies across five sectors: Real Estate (Pasifik GYO), International Logistics (Pasifik Eurasia), Technology (Pasifik Teknoloji), Energy and Mining (Pasifik Enerji, Pasifik Maden, Aden Pellet), and Manufacturing (Orçay). Four subsidiaries are also listed on BIST (PSGYO, PASEU, PATEK, ORCAY). The group employs over 2,500 people and generates revenue through mixed-use real estate development under the Next Level brand, international multimodal rail-sea-road logistics (Pasifik Eurasia handles 95% of Baku-Tiflis-Kars railway traffic), defense technology hardware sales (Titra Teknoloji's ALPIN unmanned helicopter, DUMRUL armed helicopter, MERKÜT FPV kamikaze drones, KORGAN drone-in-a-box systems), government and enterprise IT services (Proline Bilişim biometric/identity management, Destel/Ditravo/iCredible cybersecurity), and renewable energy production (wind, solar, gas, biomass pellet assets in Turkey and Romania).

Pasifik Teknoloji's defense portfolio centers on Titra Teknoloji (51%-owned, acquired February 2024 for 478.2M TL), which produces Turkey's first and only domestically produced unmanned helicopter (ALPIN, 200 kg payload, 80% localization in ALPIN-2), the first armed unmanned helicopter (DUMRUL), the SEYYAH GPS-independent visual navigation system, and the PARS VTOL. Other subsidiaries provide complementary unmanned systems including the MERKÜT FPV kamikaze drone (basis of the May 2026 first defense export of 100,000 units), DELİ kamikaze UAVs, and the KORGAN drone-in-a-box. Pasifik Eurasia operates as Turkey's only international railway logistics company (DTİ license), running block trains between China, Turkey, and Europe via the Middle Corridor under a strategic partnership with China Railway and Yuxino Lojistik.

The business model combines capital-intensive operations (real estate, logistics, energy) with hardware product sales (defense, pellets) and subscription/transaction services (IT, ticketing, freight). Go-to-market is hybrid: direct enterprise sales to government defense procurement (SSB, AFGM) and Turkish manufacturers for logistics, project websites and sales offices for real estate, and defense industry exhibitions (IDEF, SAHA EXPO) and capital markets (BIST listings) for visibility. Customer base is concentrated around Turkish government entities and a small set of large manufacturers; the May 2026 framework agreement for 100,000 UAVs represents a single-customer dependence. The holding is family-controlled, with Fatih Erdoğan as Chairman, Abdulkerim Fırat as Vice Chairman, Mehmet Erdoğan as Board Member, and F. Nusret Dur as CEO; 80% of IPO proceeds are earmarked for new investments across the four core sectors.

Name

Pasifik Holding

Legal name

PASİFİK HOLDİNG ANONİM ŞİRKETİ

Website

https://pasifik.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pasifik Holding (BIST: PAHOL) is a publicly listed Turkish investment holding company operating 55 subsidiaries across real estate, international logistics, defense technology, energy/mining, and manufacturing, serving Turkish government agencies, large manufacturers, and real estate buyers through listed subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Balgat

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development (Pasifik GYO): Pasifik GYO develops mixed-use real estate projects under the Next Level brand including residential, office, and retail components. Revenue is generated through property sales. The company is listed on BIST as PSGYO.
2. International Logistics (Pasifik Eurasia): Pasifik Eurasia operates as Turkey's only international railway logistics company, providing multimodal transportation (rail, road, sea) services. Handles block train operations between China, Turkey, and Europe. Revenue comes from freight fees and terminal services. Listed on BIST as PASEU.
3. Defense Technology Products (Pasifik Teknoloji): Pasifik Teknoloji develops and sells unmanned aerial systems (helicopters, drones, kamikaze systems) to defense customers. In 2026, completed first export of 100,000 kamikaze UAVs. Includes technology transfer and joint venture arrangements. Listed on BIST as PATEK.
4. Information Technology Services: Pasifik Teknoloji provides IT services including biometric identity systems, cybersecurity, system integration, software development, and travel technology solutions to government and enterprise customers.
5. Renewable Energy Production (Pasifik Enerji): Pasifik Enerji invests in and operates renewable energy facilities including wind power plants (RES) and solar energy plants (GES) in Turkey and Romania, with battery storage integration. Plans to reach 500 MW installed capacity by 2026.
6. Manufacturing (Orçay): Orçay, the group's first company established in 1986, operates in manufacturing sector. Listed on BIST as ORCAY.
7. Wood Pellet Production (Aden Pellet): Aden Pellet produces wood pellets for renewable energy with 40,000 ton annual capacity meeting EN Plus A1 quality standards for export-oriented production.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Pasifik Holding is a diversified Turkish investment holding company that operates 55 subsidiaries across five sectors: real estate development (Pasifik GYO and the Next Level brand of mixed-use projects), international railway logistics (Pasifik Eurasia handling multimodal freight on the China-Turkey-Europe Middle Corridor), defense and information technology (Pasifik Teknoloji producing unmanned aerial systems, biometric identity solutions and cybersecurity), renewable energy (Pasifik Enerji developing wind and solar plants with battery storage), and manufacturing/mining (Orçay tea, Aden Pellet wood pellets, Pasifik Maden). The holding itself and four subsidiaries are listed on Borsa Istanbul.

Product overview

Pasifik Holding is a diversified Turkish investment holding company with subsidiaries operating across five main sectors: Real Estate (Pasifik GYO), International Logistics (Pasifik Eurasia), Technology (Pasifik Teknoloji), Energy (Pasifik Enerji), and Manufacturing (Orçay). The technology subsidiary Pasifik Teknoloji offers end-to-end solutions through its defense technology arm Titra Teknoloji (producing Turkey's first indigenous unmanned helicopter ALPIN, armed helicopters, kamikaze UAVs, and drone-in-a-box systems) and IT companies (Proline, Destel, Ditravo, iCredible, Destel Connect) providing identity management, biometric systems, and cybersecurity solutions. The real estate arm operates the award-winning Next Level brand of mixed-use projects. The logistics subsidiary operates as Turkey's only international railway logistics company. Four group companies (Orçay, Pasifik GYO, Pasifik Eurasia, Pasifik Teknoloji) are listed on Borsa Istanbul, and the holding itself went public in November 2025 under ticker PAHOL.

Differentiator

Problem solved

Functional benefit

Brands

• Next Level: Award-winning real estate brand featuring mixed-use, residential, and commercial projects including Next Level Ankara, Next Level Loft Ofis, Next Level Çayyolu, Next Level İstanbul, Next Level Kemer, Next Level Country, and Next Level Bodrum.
• Merkez Ankara
• ALPİN
• DUMRUL
• SEYYAH
• PARS VTOL
• MERKÜT
• DELİ
• KORGAN
• BioGATE Pass
• Windrogen
• Genergy
• Aden Pellet

Quantifiable outcome

• 140 million kWh annual renewable energy generation capacity planned
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered minor, major and core.

• Ulak HaberleşmeminorStrategic or Co-development Partner · 8 October 2025Cooperation memorandum signed for communication technologies. Represents defense industry collaboration for communications systems.
• Arsenal (Bulgaria)majorStrategic or Co-development Partner · 24 July 2025Defense industry partnership between Titra Teknoloji and Bulgarian Arsenal firm for European market expansion. Signed during IDEF 2025 defense exhibition.
• Askeri Fabrikalar Genel Müdürlüğü (AFGM)coreStrategic or Co-development Partner · 24 July 2025Partnership for unmanned conversion of manned military helicopters. Titra Teknoloji to transform manned helicopters into unmanned aerial platforms.
• China RailwaycoreStrategic or Co-development Partner · 18 June 2025Strategic partnership between Pasifik Eurasia and China Railway for railway container transportation on China-Turkey-Europe routes. Enables regular train services along the Middle Corridor, strengthening Turkey's role in international logistics.
• Proline Bilişim SistemlerimajorOthers · 31 January 2025Pasifik Teknoloji acquired 51% stake in Proline Bilişim, an IT company specializing in identity management, biometric systems, and smart city solutions operating in Middle East, Africa, and Asia markets.
• Cumhurbaşkanlığı Savunma Sanayii Başkanlığı (SSB)coreStrategic or Co-development Partner · 12 December 2024Contract between Pasifik Teknoloji subsidiary Titra and SSB for unmanned helicopter procurement. Represents major defense industry collaboration for domestic unmanned aerial systems.
• Yuxino LojistikcoreStrategic or Co-development Partner · 5 December 2024Pasifik Eurasia and Pasifik Global Lojistik signed cooperation agreement with Yuxino Lojistik (subsidiary of Chongqing Logistics) to expand operations in China. Part of efforts to strengthen Asia-Europe railway corridor.
• Titra Teknoloji GroupcoreOthers · 28 February 2024Pasifik Teknoloji acquired 51% stake in Titra Teknoloji Group for 478,197,000 TL. Titra develops Turkey's first unmanned helicopter ALPIN and other defense systems.

Scale indicators15 records

Recent moves15 records

Expansion highlights7 records

Direct peers

• Baykar: Turkey's leading UAV manufacturer (TB2, Akıncı, Kızılelma) and direct competitor to Pasifik Teknoloji/Titra in unmanned systems — comparable indigenous Turkish defense-tech franchise with significant allied-nation export track record.
• Limak Holding: Turkish conglomerate in construction (Limak Construction), energy (Limak Energy with renewables), airports, and infrastructure — comparable diversified Turkish holding structure with significant energy and infrastructure project exposure.
• Ciner Group: Privately held Turkish conglomerate operating in mining, energy, media, and shipping — a comparable diversified Turkish holding structure with similar family control and exposure to commodity-linked and infrastructure businesses.
• TUSAŞ (Turkish Aerospace Industries): Turkey's primary unmanned/combat aircraft manufacturer producing Anka, Aksungur, and KAAN — comparable to Pasifik Teknoloji as an indigenous Turkish defense aerospace platform with SSB/government customer base.
• ENKA Holding: Turkish conglomerate active in construction, energy (power generation including renewables), and real estate development with significant international project exposure — closely comparable to Pasifik's energy and construction/real estate subsidiaries.
• Doğan Holding: Diversified Turkish publicly listed conglomerate with media, industry, energy, and real estate holdings — directly comparable to Pasifik Holding's diversified listed conglomerate structure and family-controlled BIST-listed governance model.
• Koç Holding: Turkey's pre-eminent conglomerate spanning automotive (Tofaş, Ford Otosan), white goods (Arçelik), energy (Aygaz, Tüpraş), and finance — comparable to Pasifik's diversified Turkish holding with publicly listed subsidiaries, family control, and exposure to defense-adjacent industries through partnerships.
• Sabancı Holding: Turkey's largest publicly listed diversified conglomerate with operations across banking, energy, industrials, and digital — directly comparable to Pasifik Holding's diversified Turkish conglomerate structure with multiple BIST-listed subsidiaries and family-controlled governance.

Broad incumbents

• Aselsan: Turkey's largest defense electronics company, publicly traded on BIST, with broader portfolio spanning radar, EW, and command-and-control — comparable to Pasifik Teknoloji in defense and IT but at materially larger scale and with deeper SSB relationships.
• DP World: Global port and logistics operator with growing Middle Corridor and Caspian/Central Asia logistics presence — comparable to Pasifik Eurasia as a multimodal international logistics operator targeting the China-Turkey-Europe trade corridor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@PasifikHolding
• Instagraminstagram.com/pasifikholding
• Xx.com/Pasifikholding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries18 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 Pasifik Holding