Beko is a domestic appliance and consumer electronics brand of Arçelik A. Ş.. Beko Elektronik A. Ş. (later Grundig Elektronik A. Ş. ) was a Turkish consumer electronics manufacturer, owned by Arçelik. In 2004 Beko Elektronik purchased Grundig and by 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 April 2008 Beko renamed itself Grundig Elektronik A. Ş.