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Arcelik Seals $300 Million Deal for Hitachi Electronics Business


Arcelik Seals $300 Million Deal for Hitachi Electronics Business
Asli Kandemir, Bloomberg News
(Bloomberg) Turkey’s leading household appliances maker Arcelik AS signed a deal to buy 60% of Hitachi Global Life Solutions Inc.’s for $300 million to deliver on its strategy to expand in emerging markets.
Arcelik and Hitachi GLS will form a new company that Arcelik will control to run operations in the home appliances market, excluding Japan, the Turkish company said in a filing to the stock exchange on Wednesday. The total transaction value is calculated on a cash-free and debt-free basis for the business, with the deal expected to be closed by April 1. ....

Asia Pacific , Hakan Bulgurlu , Africa Defy Appliances Pty Ltd , Pakistan Dawlance Group , Hitachi Global Life Solutions Inc , Hitachi Global Life Solutions , South Africa , Defy Appliances Pty , ஆசியா பெஸிஃபிக் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் இன்க் , ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் , மீறுகின்றனர் உபகரணங்கள் ப்டி ,

Arçelik and Hitachi Global Life Solutions Announce their Intention to Form a Joint Venture in the Global Home Appliances Business (excluding Japan) » Notizie italiane in tempo reale!


16 dicembre 2020
The historic partnership creates a major player in Asia-Pacific – the world’s largest home appliances market – and will expand global sales of Hitachi branded products through a joint competitive supply chain
ISTANBUL and TOKYO, Dec. 16, 2020 /PRNewswire/ Today Arçelik A.Ş. (IST: ARCLK) (“Arçelik”) and Hitachi Global Life Solutions, Inc. (“Hitachi GLS”) have signed a share purchase agreement to establish a new joint venture company. As part of the transaction, Hitachi GLS will establish a new company into which it will transfer its global home appliances business outside of Japan. Arçelik will acquire 60% ownership in the new company, which both partners aim to establish in the spring of 2021, subject to regulatory approvals and satisfaction of other customary conditions. ....

Keiji Kojima , Voltas Beko , Fatih Kemal Ebi , Jun Taniguchi , Hakan Bulgurlu , Hitachi Group , Holding Ar , Hitachi Global Life Solutions Inc , Hitachi Ltd , Consumer Durables Group , Design Centers , Hitachi Global Life Solutions , South Asia , Southeast Asia , Middle East , Silk Road , Executive Vice President , Executive Officer , Innovation Business , Durable Home Appliances , Dow Jones Sustainability Index , Neutrality Standard , கேஜி கோஜிமா , வோல்டாக்கள் பேகோ , பாடிஹ கெமால் எபி , ஜூன் டானிகுச்சி ,