The technology giant KVK has been acquired by Turkey's famous holding company.

The technology giant KVK has been acquired by Turkey's famous holding company.

13.12.2024 09:40

The new owner of KVK, one of Turkey's leading technology distributors, is Cevahir Holding. With this acquisition, Cevahir Holding has taken an important step towards its goal of playing a larger role in the technology sector.

Founded in 1993 as a partnership between Çukurova Holding and MV Holding, Cevahir Holding became the new owner of KVK, in which MV Holding is the main shareholder, in 2015.

The sales figures are expected to be announced in the coming days. Meanwhile, KVK has also become the sole authorized distributor of Turkcell. It has been reported that Turkcell has parted ways with GENPA and will continue its journey with KVK from now on.

IT HAS MORE THAN 1500 BRANCHES

KVK, which collaborates with strong brands such as Turkcell, Samsung, Apple, LG, Vestel, Casper, Sony, Asus, Lenovo, ZTE, General Mobile, and Huawei; has sold over 30 million mobile phones, millions of SIM cards, and top-up cards since its establishment.

KVK, whose main business is mobile phone distribution, connects its products with consumers through more than 1500 partners in Turkey.

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