Ulusoy Elektrik Imalat Taahhut ve Ticaret AS
BBIST:ULUSE137.10
TRY
-1.90
(-1.37%)
ISIN
TREULET00014
Return %
Stock
S&P 500
1Y
-23.62
14.20
3Y
-0.65
81.12
5Y
169.35
68.34
Capital Structure
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in mil. unless spec.Working Capital
TRY
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in mil. unless spec.Growth Rates
TRY
•
in mil. unless spec.Quarterly Revenue
TRY
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in mil. unless spec.Quarterly Earnings Per Share
TRY
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in mil. unless spec.Quarterly Dividends Per Share
TRY
•
in mil. unless spec.Company Description
- CEO
- Enis Ulusoy
- Full Time Employees
- 914
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 1. Organize Sanayi Bölgesi Oguz Cad. No:6 Sincan AN Turkey 06935
- IPO Date
- Nov 21, 2014
- Website
- ulusoyelektrik.com.tr
- Similar Companies
- Business
- Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. is a leading Turkish manufacturer of medium voltage electrical distribution equipment and industrial solutions, founded in 1985 and headquartered in Ankara, Turkey. The company specializes in the design, manufacture, and sale of metal enclosed modular switchgears; metal clad switchgears; gas insulated switchgears; monoblock concrete and metallic package substations; medium voltage distribution transformers; medium voltage cable accessories; and switchgear components including relays and cantilever systems. It serves energy generation and distribution facilities, industrial plants such as mines, cement, petrochemical, iron and steel factories, as well as infrastructure projects like airports, ports, railways, shopping malls, and hospitals globally. Ulusoy Elektrik operates production facilities primarily in Ankara with a total manufacturing area exceeding 83,000 square meters, incorporating advanced machinery and vertically integrated in-house production processes. The company produces approximately 65,000 air insulated modular switchgears, 10,000 gas insulated modular switchgears, and 3,500 monoblock concrete substations annually. Its product range covers equipment rated from 3.3 kV up to 40.5 kV, tailored for medium voltage electrical distribution networks and industrial clientele across four continents. A significant recent development is the acquisition of a controlling 82.28% interest by Eaton Corporation plc, a global power management company, completed in April 2019. This strategic alliance has allowed Ulusoy Elektrik to expand its global reach and integrate international standards with its domestic market expertise. Over the last 1-2 years, the company has focused on expanding production capacity and enhancing its product offerings through increased research and development initiatives and accelerated factory investments, notably a new facility in Ankara Temelli Organized Industrial Zone with 53,000 square meters total area targeting advanced manufacturing capabilities. However, financial reports indicate recent operational challenges including deteriorated sales revenue and profitability margins in 2024, prompting a strategic focus on efficiency and market diversification. Ulusoy Elektrik is publicly traded on Borsa Istanbul (BIST: ULUSE) and operates as a subsidiary of Eaton Corporation. It maintains a strong presence in the electromechanical industry with extensive experience and successful project execution both nationally and internationally, making it a key player in medium voltage electrical equipment manufacturing and turnkey project solutions. This comprehensive profile reflects the company's core products, industry position, geographic operations, and recent strategic changes as of 2025.