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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) Turkeyâs leading household appliances maker Arcelik AS signed a deal to buy 60% of Hitachi Global Life Solutions Inc.âs 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 pacificHakan bulgurluAfrica defy appliances pty ltdPakistan dawlance groupHitachi global life solutions incHitachi global life solutionsSouth africaDefy appliances ptyஆசியா பெஸிஃபிக்ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள் இன்க்ஹிட்டாச்சி உலகளாவிய வாழ்க்கை தீர்வுகள்மீறுகின்றனர் உபகரணங்கள் ப்டி

Turkey s Arcelik Is in Talks to Buy Hitachi Home Appliance Arm

Turkey’s Arcelik Is in Talks to Buy Hitachi Home Appliance Arm Bloomberg 12/14/2020 Asli Kandemir, Manuel Baigorri and Vinicy Chan © Bloomberg An employee pushes a new Beko washing machine, manufactured by Arcelik AS, inside a Comet electronics store in Slough, U.K., on Friday, Nov. 23, 2012. (Bloomberg) Turkey’s Arcelik AS is in advanced talks to take over Japanese industrial conglomerate Hitachi Ltd.’s overseas home appliance business, people with knowledge of the matter said. An agreement may be reached as soon as the next few weeks, the people said, asking not to be identified because the information is private. The transaction could be valued at around $500 million, according to the people.

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Turkey s Arcelik is in talks to buy Hitachi home appliance arm

Turkey s Arcelik is in talks to buy Hitachi home appliance arm
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