It is owned by Arçelik A.Ş., the white goods (major appliance) manufacturer of Turkish conglomerate Koç Holding.

The original Grundig company helped fuel the post-war economic miracle of West Germany and it grew to become one of the leading manufacturers in the world of radio, TV, recording and other electronic equipment in the following decades.

Grundig filed for bankruptcy in April 2003 after years of losses and strong competition from cheaper Asian competitors.

[6] In 2007, Koç Holding (parent company of Beko) acquired full ownership of Grundig and put the brand under its home-appliances subsidiary Arcelik A.Ş.

After the Second World War, Max Grundig recognized the need for radios in Germany, and in 1947 produced a kit, while a factory and administration centre were built at Fürth.

[11][12] In 2013, Grundig launched its home appliances (white goods) product range, becoming one of the mainstream manufacturers in Europe.

[19] A plant was opened in 1960 to manufacture tape recorders in Belfast, Northern Ireland, the first production by Grundig outside Germany.

After this Philips began to gradually accumulate shares in the company over the years, and assumed complete economic control in 1993.

Grundig pulled out of this partnership in 1998 owing to unsatisfactory performance and the decline in Philips consumer electronics presence around the world.

Philips increased its stake in the company and Max Grundig no longer controlled business management in 1984.

In 2007 Alba sold its half of the business to Koç for US$50.3 million,[23] although it retained the license to use the Grundig brand in the UK until 2010, and in Australasia until 2012.

[28] Furthermore, Grundig continued its sponsorship with Fenerbahçe's women's and men's volleyball teams, and sponsored many international golf tournaments in 2014.