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Our portfolio

Eleven companies across seven countries, from metal-forming machinery and energetics to strategic and maritime assets.

Industrial strength, financial discipline

The industrial engine of the portfolioPrecision engineering, energetics and advanced manufacturing, built over more than four decades.

Repkon · Istanbul

Paligen · Tampa

Pravisani · Udine

Bowas-Induplan · Salzburg

Section 1 · Core holding

Repkon Group

Repkon is a global leader in advanced engineering and defense manufacturing technologies, with more than 40 years of innovation. From Türkiye, Europe and the Americas it delivers energetics, precision machinery and turnkey defense production systems to customers around the world.

EnergeticsPrecision machineryTurnkey defense systemsEPC delivery

1978Building metal-forming machines since

3Operating regions: Türkiye, Europe, the Americas

EPCTurnkey production lines

AltayAmmunition supplier for the Altay main battle tank

Section 2

Energy, Technology & Advanced Manufacturing

Kulek Global invests in high-performance manufacturing, additive technologies and industrial energy projects that make industry more sustainable and resilient, with holdings across several sectors and continents.

Additive manufacturingIndustrial energyHigh-performance production

Section 3

Strategic Assets & Private Equity

Through Kulek Capital, the group invests in private equity, venture capital, M&A and global market instruments, with a focus on scalable, technology-driven companies. Strategic real and maritime assets complete the family’s portfolio.

Private equityVenture capitalM&AMarket instrumentsReal & maritime assets

Portfolio companies

Eleven companies across seven countries

Engineering & MachineryEst. 1978

Repkon Group

Istanbul · Türkiye

The group’s industrial core. Repkon designs and builds metal-forming machines – flowforming, hot spinning, shear forming and hydraulic presses – and delivers turnkey production plants for aerospace, defense, automotive and energy customers worldwide, from its base in Şile, Istanbul.

repkon.com.tr ↗

Defense & EnergeticsEst. 2024

Paligen Technologies

Tampa, Florida · United States

A U.S. defense manufacturer that designs and builds modern production facilities and makes munitions, aerospace and naval components and energetic materials. Formed in 2024 as REPKON USA Holdings and renamed Paligen Technologies in 2026.

paligentech.com ↗

Engineering & Machinery

Repkon USA

Tampa, Florida · United States

Repkon’s company in the United States, operating separately from Paligen Technologies and bringing Repkon’s metal-forming machinery and turnkey-plant expertise to customers in the Americas.

No public website

Defense & Energetics

McCormick Stevenson

Clearwater, Florida · United States

An engineering firm developing armament systems for the U.S. Department of Defense: ordnance handling systems, missile components and launchers, weapons, ammunition and energetics. A Paligen Technologies company.

mccst.com ↗

Defense & EnergeticsEst. 2025

Nitradyn

Graham, Kentucky · United States

A 50/50 joint venture of Paligen Technologies and Dyno Nobel that designs, builds and manufactures high explosives, propellants and energetic materials for defense and industrial customers across North America.

nitradyn.com ↗

Defense & EnergeticsEst. 1975

Bowas Group

Zug · Switzerland

Since 1975, Bowas has supplied plants, machines and services to the military and commercial explosives industry, from feasibility studies to installation, and acts as EPC contractor for complete energetic-materials plants. Majority-owned by Repkon Group since 2024.

bowasholding.com ↗

Defense & Energetics

Bowas-Induplan Chemie Ges.m.b.H.

Salzburg · Austria

An international plant-engineering company that plans, assembles and commissions plants for energetic materials such as nitrocellulose, propellants, RDX and TNT, along with munition-dismantling and soil-remediation facilities.

bowas-induplan.com ↗

Defense & EnergeticsEst. 1967

Dott. Mariano Pravisani & C.

Pavia di Udine · Italy

Founded in 1967, Pravisani engineers and builds highly automated plants for hazardous chemical synthesis: emulsion and high explosives, nitroglycerine, propellants, detonating cord and demilitarization. ISO 9001 and ISO 45001 certified.

pravisani.com ↗

Engineering & MachineryEst. 1937

Trens

Trenčín · Slovakia

A turning-machine manufacturer from Trenčín, building lathes since 1937 and producing CNC turning centres and universal and heavy-duty lathes for the metalworking industry.

trens.sk ↗

Strategic Assets

Yelkovan Grup

Istanbul · Türkiye

An Istanbul-based group headquartered in Fenerbahçe, Kadıköy, with a dedicated project office, adding a domestic investment and project platform to the portfolio in Türkiye.

yelkovangrup.com.tr ↗

Strategic Assets

Kulek Yachting

Majuro · Marshall Islands

A yacht management company based in the Marshall Islands, one of the world’s leading maritime registries, managing the group’s yachting interests.

No public website

The next company

Could your business be next?

We look for well-run engineering, technology and industrial businesses whose owners want a long-term partner rather than a quick exit.

Present an opportunity

Where our capital is at work

Select a marker or a company to see its profile. Blue lines trace each holding back to the DIFC head office.